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GENERAL NEWS

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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ENTERTAINMENT

Hon. O.B Amoah Threatens To Destroy Shatana’s Property

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Recent news in reveals that Honourable Osei Bonsu Amoah, who is the Member of Parliament for Akuapem South, has threatened to seize a property owned by outspoken musician Shatana.

According to reliable information ganered, it is alleged that the Member of Parliament conspired with a white lady to intimidate and fustrate Shatana and deprive her of what is rightfully hers.

The premise of the issue is that Shatana’s property is opposite a white’s in Oboadeka in the Eastern Region, where they is a water body in between them. It was said that the Hon. O.B was in consent with whatever the white owner did but wants Shatana out of her land when she is doing exactly what needs to be done.

According to eyewitnesses, Hon. OB Amoah and his landguards are terrorizing workers on Shatana’s land, a situation she described as disturbing.

Shatana, on the other hand, is begging the Eastern regional police commander, DCOP Dr. Sayibu Pabi Gariba and the Inspector General of Police, Dr. George Akuffo Dampare, to intercede and call Hon. OB Amoah to order.

Some residents who witnessed the ordeal and recounted their ordeal to Ghvibe.com sponsored by Hon. OB Amoah, and thus called on the GP to intervene as soon as possible.

According to some residents, OB Amoah has stated that if Shatana takes 24 hours to build, he will demolish it in seconds.

“The land guards showed up while we were working on the site.” They took our tools and almost beat us up”, they said.

Shatana is pleading with the IGP to come and investigate the matter so that peace can be restored.

Watch Video Below as presented by residents of the town.

 

Story Source,: kingdomfmonline.com

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GENERAL NEWS

Pay bloggers to make you popular instead of contesting Mahama-Kofi Adams to NDC flag bearers.

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NDC Member of Parliament(MP) for Buem constituency, Kofi Adams, has disclosed that it will only be wise for anybody who will decide to contest former President Mahama for the 2024 flagbearership of the NDC to pay bloggers with the campaign money for them to make him or her popular.

Speaking on Okay FM’s ‘Ade Akye Abia’ programme, the former National Organizer of the party explained that he cannot understand why somebody would want to contest former President John Dramani Mahama who has already been marketed and known within the party and the country at large.

“This is not the time we will need to do try and error or market a new candidate. Former President John Manhama is tried and tested and has proven that he is very popular in the country. He won over six million votes in the last elections and I don’t think it will be proper for the party to choose a new candidate over him,” Kofi Adams said.

Whiles voicing his support for the idea of potential candidates contesting against the former President for the flagbearer position of the party, Kofi Adams pointed out that it will only be proper and wise for who ever decides to contest him, to spend that money on bloggers so that they can make him popular.

He maintains though he has not heard from Dr. Kwabena Duffour on his decision to contest the former leader of the party, he believes that Dr. Duffour will not make such a grave mistake to contest the man of the moment.

Source:Peacefmonline

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