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Charge In GH¢ Only Or Be Punished – Bank Of Warns Public

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The Bank of Ghana has warned the general public to use only the Ghana cedi (GH¢) and pesewas (GHp) to pay for goods and services in the country or be punished.

In a press statement issued Thursday morning, the central bank said although the Foreign Exchange Act, 2006 (Act 723) prohibited the pricing and the payment in currencies either than the local currency, it had noticed that some institutions, companies and individuals were dealing in the “business of foreign exchange trade without authorisation from the bank.”

“The general public is hereby reminded that the Foreign Exchange Act, 2006 (Act 723) prohibits the pricing, advertising, receipt or payment for goods and services in foreign currency in Ghana.”

The warning from the central bank comes at a time “dollarisation,” a term for the practice of pricing, advertising and receiving payments in US dollars, is ripe, with automobile companies, hotels and multinationals, being the biggest culprits.
These culprits mostly cite the instability of the cedi as bases to resort to dollarisation, which is seen as a hedge against depreciation.

“Such violations are punishable by law by summary convictions, a fine of up to seven penalty units or a prison term of not more than 18 months, or both,” the statement, which was signed for the Secretary of the bank, said.

It emphasised that “the sole legal tender in Ghana is the Ghana cedi or Ghana pesewas.”

It is not clear how BoG’s current directive will be received, given that similar ones in the past have achieved minimal results.It is not clear how BoG’s current directive will be received, given that similar ones in the past have achieved minimal results.

BUSINESS

Entrepreneur Cum Hairstylist, Millicent Tetteh Starts “Mimi De Hairdresser” In Accra

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Entrepreneur and professional hairstylist, Millicent Tetteh has commissioned her new office, “Mimi De Hairdresser” in Accra yesterday in a grand style.

The event which was held on 25th November, 2023 saw bloggers and influencers gracing the occasion. It was indeed a spectacle to behold as many a man were treated with a gracious reception. As for ladies who needed braids and special hair treatment, they were treated pleasingly by the order of the Peaky Blinders on a softer note.

“Mimi De Hairdresser” located in Madina Estate near “Bag  and Save”  supermarket offer the following hair services; extensions, braid caps, installations, braids, nails, pedicure, manicure, piercing, salon services, et al. In fact, they offer all services as far as hair is concerned. They also are available for home services. They open every day from 9AM to 8pm.

Connect with “Mimi De Hairdresser” on the following social media fora;

Instagram: @iammimidehairdresser

Snapchat: aj_mimi8

Also contact Mimi on 0543565688.

 

Have a glimpse of the opening event and venue from below.

 

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BUSINESS

Jucad Pharmacy Introduces Kidics Syrups To Boost Babies Appetite To Help Them Grow Well And Healthy

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Jucad Pharmacy is one of the trusted registered pharmaceutical companies we have in motherland Ghana, fully registered under the company code 1963 (Act 179) and approved by the Food and Drug Administration (FDA).

Jucad Pharmacy is here again with another quality, affordable, and result-providing pharmaceutical product dubbed ‘Kidics Syrup’.

Kidics contains vitamins B and lysine to boost your child’s appetite, as well as other multivitamins and minerals that will boost your child’s growth and immune system. Babies between the ages of 6 months and 12 years who can’t eat well need Kidics Syrup.

For customers in Kumasi, kindly go to Danny Pharma and Osons Chemist; in Accra, distributors should get in touch with Darose Pharmacy, Base Line Pharmacy, & Blepomen Pharmacy. TAKWA: Kekule pharmacy, etc.

KIDICS SYRUP ALSO CONTAINS:
Each 5ml.(One teaspoonful)                                  contains:
Vitamins A palmitate B.P.    1500 IU
Vitamin D3 B.P.          100IU
Vitamin E( Acetate) B.P.     3mg
Vitamin B1 B.P.  1.5mg
Vitamin B2 B.P.   1.5mg
Vitamin B6. B.P.   1mg
Vitamin B12 B.P.   1.5mcg.
Niacinamide B.P.    5mg
Vitamin C B.P.        30mg
D-Panthenol B.P.     2.5mg
L-Lysine Hydrochloride.  U S.P.    40mg
Ferrous Gluconate  B.P.   60mg
eq. to elemental Zinc 5mg.
Magnesium Gluconate U.S.P. 185.41 mg.
eq.to elemental Magnesium 10mg.
Flavored syrupy bas.       q.s.
Overages of vitamins added to compensate loss on storage.
Dosage: As directed by the physician
Storage: Store in a cool,dry place
Protect from light.
Keep all medicines out of reach of children.

SHAKE WELL BEFORE USE.

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