The Minority Caucus in Parliament on Wednesday served notice to haul Finance Minster Ken Ofori-Atta, and the Governor of the Bank of Ghana to clarify issues surrounding the issue of higher denomination Ghana Cedi notes.
The two are also to clarify government position on Ghana’s commitment to adopt the new regional currency Eco.
Mr Iddrisu led members from the Minority Side to express their views on the Bank of Ghana’s (BoG) issuance of the new currencies, at a press conference at Parliament House in Accra.
Mr Iddrisu said public resources were expended on the exercise hence the Government owed it a duty to be transparent about the exercise.
He said the Minority would question the Governor on the total cost incurred on the exercise, cost of each note compared to each face value, the utilization of seigniorage revenue to be raised and the quantity of each ordered.
The BoG, on Friday November 29, 2019 issued two higher denomination of the Ghana cedi notes GH¢100.00 and GH¢200.00 and GH¢2.00 coin which would replace GH¢2.00 notes soon.
The Central Bank also in last May introduced upgraded Ghana Cedis notes.
Source:Fiilafmonline/Ghanaweb
