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Smooth change of old currency to new
on last day
Koforidua, Jan. 1, Ghanadot/GNA- Long queues were formed at
a number of banks in the New Juaben Municipality as people
made last minute efforts to have their old currencies
changed to the new ones, which ceased to be legal tender
last night.
A visit by the Ghana News Agency (GNA) to some banks such as
the Merchant Bank, SG-SSB, Barclays Bank and First Ghana
Building Company on Monday showed long queues at the various
banking halls by people trying to change the old currency.
Interestingly, the rural banks, which created customer desks
for the change of the old currency, rather had no such
queues.
A Manager of one of the Rural Banks, who did not want to be
named, said his outfit had anticipated such queues, but
there was no rush to change the currencies by the customers,
but rather they came to pay-in the old currency.
At the Odwen Anoma Rural Bank, a staff of the bank said the
bank received its highest pay-in of old currency in July
last year of 255 million cedis.
He said since then, the monthly volume of the currency
paid-in by the customers of the bank kept dwindling and as
at December 27, last year the bank received a little over
five million cedis of the old currency for the whole of that
month.
At the Barclays Bank, the branch manager Mr Armarh Amartey
said the bank created a desk for the collection of the old
currency and "today we have collected 10 million cedis of
it, out of which 6 million were coins.
He assured that the bank would continue receiving the old
currency till the deadline of July.
GNA
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