More people buy wallets in Ho

Ho, July 7, GNA - More people, especially youths in the Ho Township are rushing to buy wallets to keep the new Ghana Cedi notes clean. As a result, the price of wallets, which was formally at 250 Ghana Pesewas, rose automatically to 350 Ghana Pesewas in the town. Few people the Ghana News Agency spoke to said their resolution was to keep the new notes neat to befit a country at 50.

"At 50 years of independence, we have to keep new things new and not to do things haphazardly", one of them said. They praised the Bank of Ghana for the decision to re-denominate the country's currency and asked others to keep the new notes clean as other currencies in the world.

Abotsi, a wallet seller said he was having a good market and that he sold about eight wallets a day averagely since the new notes were out as against one or two previously. Meanwhile, many people have complained that there are too many coins in the system than notes and appealed to the Bank of Ghana to release the notes.

When the GNA visited the Volta Regional branch of the Ghana Post Company Limited in Ho, at the Western Union Money Transfer desk, it spotted many people who were given huge sum of monies in hundreds of Ghana cedi coins.

An old lady who could not charter a taxicab from the Post Office carried the coins in a rubber bag on her head home. A man believed to be in his late forties was also said to have hired his friends to assist him and his family to count a huge sum of money he collected from the bank in coins. 07 July 07