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Bank of Ghana to gradually phase out ¢1 and ¢2 notes.

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The ¢1 and ¢2 notes will be phased out of circulation soon, as the Bank of Ghana gradually plans to remove them from circulation.

 

According to the Central Bank, the poor handling of the notes, that is torn and soiled, make it expensive to print them.

 

Governor of the Bank of Ghana, Dr. Ernest Addison, addressing the press said the Central Bank will not print any more of the ¢1 and ¢2 notes when those in circulation are phased out.

 

According to him, the two denominations will be replaced by the ¢1 and ¢2 coins respectively.

 

 

“The view for the longer term is to more or less get the ¢1 and ¢2 notes and use the ¢1 and ¢2 notes coins.”

 

“Both the ¢1 and ¢2 notes would eventually be phased out because they are not cost-effective in terms of the printing cost”, he pointed out.

 

“These are notes that circulate very widely, and they come back very torn and soiled and they are very difficult for our currency processing machines to process. We have bales and bales of ¢1 notes that we are not able to process”, Dr. Addison stressed.

 

 

“You will recall that this is a note [¢2] that was issued as a commemorative note; commemorative notes are not notes that you continue to print”, he continued.

 

“What we have done in the last two years is to introduce the ¢2 coin. You would expect that, eventually, it would more or less play the role that the ¢2 note is playing.”

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Jomoro MP, Dorcas Affo-Toffey Allegedly Attacks Diasporans In East Legon (Video Drops)*

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In a recent incident that happened at Evans Hotel, near Trasacco Valley, East Legon, member of parliament for Jomoro Constituency, Western Region is alleged to have been in a ferocious brawl with a diasporan family who came to Ghana for the Christmas holidays.

The victim, Olivia, an American giving her account on the incident, explains that Hon. Dorcas Affo-Toffey parked in a wrong spot at the hotel leaving little to no space for other patrons to park their cars. This attracted the security guard at post to confront the MP but he was met with series of insults and an order to back off.

Olivia further explains that they needed a space to park their car also so her boyfriend, who was in the car with her and her father decided to talk to Hon. Dorcas so she could do the needful. But he was equally met with more scorn and barbs. She (the MP) then ordered her bodyguard and a group of men and women she was with to beat them up and in the process got their car mangled at different spots and glasses cracked as well.

Olivia then added that she got hurt physically and her whole family are traumatized by the happenings. She lastly said she did not know the said woman was even a lawmaker until after the incident. She quizzed that if lawmakers are this lawless, who will fight for ordinary citizens?

Olivia shared that she has since reported the case to the police and hope due diligence will be done and the peppertrators be brought to book according to the law. She said the security camera of the hotel captured the whole event which corroborates with her story.

Minister of Jomoro Constituency, Western Region, Hon. Dorcas Affo-Toffey is yet to speak to the matter.

Watch the account of Olivia on the case and snippets of the incident from the CCTV of Evans Hotel.

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GENERAL NEWS

Reviving the Garden City; Restoring the Significance of Kumasi in West Africa

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Once known as the “Garden City,” of West Africa, Kumasi, a bustling city in Ghana, has sadly fallen from grace. The once pristine streets and lush greenery have been replaced by filth and neglect. It is disheartening to witness the deterioration of this once beautiful city, and even more concerning is the lack of action and care from its inhabitants. In this article, we will explore the reasons why nobody seems to care about the filth in Kumasi, and shed light on the detrimental effects it has on both the city and its residents.

Gone are the days when Kumasi was a shining example of cleanliness and order. Today, rubbish is disposed of haphazardly, and the streets are filled with a variety of waste. The market women and men, who were once the lifeblood of the city, contribute to the problem by making the inner city filthy while continuing to sell their goods amidst the mess. This lack of responsibility and disregard for hygiene is deeply concerning.

Understanding the causes of this filth epidemic is essential to tackle the issue effectively. One major reason is the lack of proper waste management systems and infrastructure. If people do not have convenient options for waste disposal, they are more likely to resort to dumping rubbish wherever they please.

Additionally, the absence of strict enforcement and penalties for littering further exacerbates the problem. It is a collective failure on the part of authorities, residents, and businesses.

The consequences of Kumasi’s filth extend far beyond the immediate eyesore. Firstly, the health hazards posed by uncollected garbage and unsanitary conditions cannot be ignored. Diseases and infections spread more easily in such environments, putting the well-being of residents at risk. Secondly, the city’s image and tourism potential are severely compromised. A dirty and neglected city fails to attract visitors, leading to economic losses for local businesses and residents alike. Lastly, the filth breeds a culture of apathy and indifference, perpetuating a cycle of neglect.

Addressing the filth in Kumasi requires a multi-faceted approach involving both the government and its citizens. Firstly, there needs to be a significant investment in waste management infrastructure, such as garbage collection systems, recycling facilities, and public waste bins. Moreover, strict enforcement of littering laws and appropriate penalties should be implemented to deter irresponsible behavior.

[Watch Video Here]

 

Source: MC Paa Saahene

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