|
| New Ghana Cedi Will Salvage Value Of Currency - Daasebre |
1/2/2007 |
|
The Omanhene of the New Juaben Traditional Area, Daasebre (Professor) Oti Boateng, has stated that the re-denomination of the cedi offers the best option to salvage the value of the currency for the sustenance of the economy.
He, therefore, praised the government and the Bank of Ghana (BoG) for the initiative which, according to him, would make it possible to carry a few but very valuable currency notes and coins to facilitate business transactions.
Daasebre Oti Boateng made the remarks at a mini durbar to mark the last Akwasidae Festival of the chiefs and people of New Juaben at his palace in Koforidua on Sunday.
The mini durbar, which was attended by the chiefs and people of New Juaben, also enabled the Omanhene to brief the people on activities in the traditional area, his election to serve on various international bodies and also see how best to develop the area.
The New Juaben Omanhene said it was unfortunate that the national currency should rapidly depreciate in value, as a result of which people carried loads of cedi notes to transact business, making them easy targets of robbers.
Daasebre Oti Boateng, who indicated that chiefs in New Juaben would support the re-denomination exercise, urged Ghanaians to also support it to bring sanity into the economy.
?Currently, people have to carry huge sums of money to pay for few goods and services. What is more worrying is that robbers often snatch their money from them,? the New Juaben Omanhene stated.
On activities in the New Juaben Traditional Area over the past year, Daasebre Oti Boateng said a lot had been done, particularly in the educational sector, with the traditional council spending ?60 million on scholarships for needy students in tertiary institutions.
Daasebre Oti Boateng, who personally provided 10 computers and their accessories, 100 bags of cement and other educational materials to renovate and equip some educational facilities in the area, has also given out ?1.2 million as prize for the best student in statistics each year at the Koforidua Polytechnic.
He further stated that the traditional council had given out computers to the Eastern Regional House of Chiefs to facilitate its work.
With regard to the recent final funeral rites held for the late Juaben Queen, Nana Juaben Serwaa, the Omanhene was happy that it came off peacefully befitting the status of the late queen who, he said, did a lot for New Juaben during her long reign.
Daasebre Oti Boateng, who also told the gathering that the Asantehene, Otumfuo Osel Tutu II, had been briefed on the outcome of the queen?s final funeral rites, said her successor, Nana Yaa Daani, had also been accepted by the Asantehene.
He thanked the chiefs and queens, as well as the people, for their support for the development of the area.
Story by A Kofoya-Tetteh
Source:
Daily Graphic
|
|
|
|
|
|
|
|
|
