One Pesewa coin is still a legal tender and must be accepted by customers-BoG

The Bank of Ghana(BoG) has indicated and insisted that the one Ghana coin is still legal tender.

It thus entreats all to use it for monetary transactions as it still persists in the market and is not out of circulation.

The Director for Currency Management at the BoG, Dominic Owusu speaking on reports that the one pesewa coin is no longer a legal tender and it’s out of circulation, maintained that the coin should be used for transactions and must be accepted by customers.

“That’s why we are here, so help us to circulate the information that those coins are still legal tender and must be used for transactions. The central bank has not demonetized the one pesewa coin,” he maintained.

The Bank of Ghana however said it remains committed to embarking on various sensitization programs to educate Ghanaians on how the currency can be handled.

“We want the education out there for people …..that’s why you journalists are here and I want you to help the central bank in that quest. The bank is also doing its part and will make sure all is done to save the cedi”, he added.