- Title: GHANA: BANKS ISSUE NEW DECIMAL CURRENCY
- Date: 21st July 1965
- Summary: 1. LV GHANA COMMERCIAL BANK 0.05 2. SV GHANAIAN WAITING 0.11 3. CU GHANAIAN PAN UP TO POSTER 0.15 4. SV INT..PEOPLE WAITING TO CHANGE MONEY 0.21 5. SV PAN..MEN HOLD UP OLD NOTES 0.29 6. TV PEOPLE ARGUING 0.31 7. SV TWO COUNTING NOTES APPARENTLY DISCUSSING VALUE 0.44 8. SV PEOPLE HAVING CURRENCY CHANGED (3 SHOTS) 1.08 9. SV MAN WALKS AWAY COUNTING MONEY (2 SHOTS) 1.15 Initials PM/V/WH/ES Script is copyright Reuters Limited. All rights reserved
- Embargoed: 5th August 1965 13:00
- Keywords:
- Location: ACCRA, GHANA
- Country: Ghana
- Reuters ID: LVAADYVKNTHSG5B6HOUCY03XB4DK
- Story Text: THERE WAS A HEALTHY RUSH ON GHANA'S BANKS ON MONDAY WHEN THEY BEGAN TO ISSUE THE COUNTRY'S NEW DECIMAL CURRENCY. EXTRA POLICE WERE ON DUTY TO CONTROL LONG QUEUES AND NEWSPAPERS WARNED AGAINST CROOKS TRYING TO CASH IN ON THE NEW CURRENCY.
ALL BANKS IN GHANA CLOSED ON THURSDAY SO THAT ARRANGEMENTS COULD BE COMPLETED FOR THE CHANGEOVER, AFTER MORE THAN 100 YEARS, FROM POUNDS, SHILLINGS AND PENCE TO THE NEW CURRENCY WITH ITS AFRICAN NAMES -- PESEWAS AND CEDIS. THERE ARE 100 PESEWAS TO ONE CEDI, WHICH IS WORTH EIGHT SHILLINGS AND FOURPENCE.
MEMBERS OF YOUTH ORGANISATIONS, SCHOOLED IN THE NEW CURRENCY, WERE ON DUTY HELPING THE ILLITERATE WITH THEIR CONVERSION PROBLEMS. BUT THE "MARKET MAMMIES" OF ACCRA HAD NO DIFFICULTIES WITH THE NEW NOTES AND COINAGE.
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