[ 2016-08-14 ]

Dr. Johnson Asiama, Second Deputy Governor

Poor handling of cedi notes, a huge bother to BOG
The Bank of Ghana (BOG) has expressed discomfort
over continued poor handling of the cedi notes –
the local currency, something Dr. Johnson Asiama,
the Second Deputy Governor, says is a huge
bother.

He said people should recognize that “it costs
a lot of money to print and replace the dirty and
torn notes”.

That was why everybody must accept to handle them
properly – they should not be squeezed.

He was speaking after an-hour-and-a-half walk in
Kumasi by workers of the Central Bank to send a
message to the public about the need to ensure
that the notes were kept clean.

Dr. Asiama indicated that holding clean notes
tended to give confidence in the currency, saying,
nobody “wants to have dirty notes”.

He spoke of the bank’s determination to
intensify the public education campaign to aid the
people to do the right thing.

The staff, he said, would sustain their visits to
the markets, churches and other public places to
bring the much needed change.

Mr. Bernard Otabil, Director of Communications of
the Bank, responding to concerns about the
activities of illegal micro-finance companies,
said steps had been taken to rein them in.

He said the BOG, as a regulatory body, was eager
to make sure that there was sanity in the
financial sector and underlined that “everybody
must be ethnically guided in things that they
do”.

He rallied the media to support the BOG effort at
protecting people from being swindled by
fraudsters by refusing to run advertisements for
unlicensed microfinance companies.

He asked that they went the extra mile to check
from the list of licensed microfinance companies
posted at the Central Bank’s website, adding
that, all should find space to assist stop
fraudsters out there from having their way.

The other highpoint of the walk was the promotion
of the physical fitness of the workers – to keep
them healthy and reduce medical bills.

Source - GNA

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