The Flagbearer of the opposition National Democratic Congress (NDC) John Dramani Mahama says it is illogical for any government to print new notes when it argues that it is building a cashless economy.
Speaking at the commemoration of the 31st December Revolution in Winneba on Tuesday, the NDC Flagbearer argues that we cannot clear more than GH?5000 off the counter because the government wants people to use less cash for transactions.
His remarks come on the heel of a statement from the Jubilee House signed by the Director of Communications, Eugene Arhin, announcing that Ghana will soon swap the cedi for the new single ECOWAS common currency, the ECO.
According to the statement, eight West African Member States of West African Economic and Monetary Union (UEMOA) are to discontinue the use of the CFA Franc, in favour of the proposed ECO beginning 2020.
“And the worse thing is Ghana has declared support to join ECO next in 2020. So if we are going to join the ECO and adopt the new West African money system, then what is the need to bring GH?100 and GH?1200 notes when you are going top to join the ECO, ” he said sarcastically.
He added that before the introduction of new notes there was no public sensitisation, the banks received no notification, no public education.
“We woke up one day to the new of using new notes, ” he reiterated.