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Superstition at K’dua Market …traders reject smaller denomination
Money
In the busy markets of Koforidua, a unique tradition has taken root among some traders.
As they set up their stalls each morning, a number of these vendors refuse to accept smaller currency denominations.
It is the belief of these group of traders that starting the day with such small transactions would affect sales and not make any profit.
This superstition, shared by traders in other markets throughout the region, has become a habitual practice that influenced their customer interactions and financial management, particularly in the early hours of trading.
For these traders, whether the day would be profitable or not depends on the first transaction. If the initial transaction involved smaller denominations, they feared it would set a negative trend for the day, leading to insufficient earnings.
To avoid this perceived misfortune, they turn away customers offering smaller bills or coins, preferring to wait for those with bigger denominations.
Madam Phyllis Boateng, a trader who believes in this superstition, explained to The Spectator that while the practice might seem irrational to outsiders, she firmly believes in the spiritual implications of money.
“We don’t only engage in commercial sales; we also believe that money has spiritual effects, and your small amount can negatively affect my sales. Some customers might feel offended, but I think they can find alternative shops to buy from,” she said.
Aside the belief about the size of denominations, Madam Priscilla Zilevu, another trader, has taken additional measures to also protect herself from bad luck.
She mixes garlic and pepper with her money, believing that this would ward off negative effects on her sales.
“Sometimes the source of the money the customer is using to buy from you is not a good one and can drain you financially, so you have to protect yourself from some of these things,” she explained.
Not all traders share this belief though as Dora Appiah-Kubi, who does not believe in these, recounted her experiences with other traders who refuse small denominations for their first sales.
Even taxi drivers, she noted, sometimes refuse exact fares like GH¢4.50 when starting their day, preferring larger notes.
However, a local preacher, Pastor John Amponsah, in Koforidua, Densuano, said the belief was fascinating, emphasising that the Bible does not support such practices.
“Even though many describes money as spirit and the trader not knowing the source of it, I believe it is more about how that money was used,” he said.
Pastor Amponsah said some Christian traders adhere to this superstition and pointed out that there was no biblical basis for the position of the market women.
Instead, he advised traders to accept all kinds of denomination and pray over them, citing Proverbs 10:22: “The Blessing of the Lord maketh rich, and he addeth no sorrow,” and the story of Jesus commending the woman who gave the least offering as examples to follow.
He urged traders to abandon this practice, accept all forms of currency, and place their faith in God’s provision, rather than succumbing to superstitious fears.
From Ama Tekyiwaa Ampadu Agyeman
The Diaspora Affairs Office at the Office of the President has hosted a delegation of African diaspora women who are in Ghana ahead of a planned Presidential Conferment of Citizenship ceremony.
The Director of Diaspora Affairs, Kofi Okyere Darko, explained in a Facebook post that the visit was a gesture of appreciation by the delegation to the Government of Ghana for its continued efforts to reconnect Africans in the diaspora with their ancestral homeland.
He indicated that the ceremony, scheduled for next Monday, will officially grant Ghanaian citizenship to members of the delegation as part of the country’s broader engagement with the African diaspora.
The delegation was led by Erica Bennett, Founder of the Diaspora Africa Forum.
According to Mr Okyere Darko, her years of advocacy have played an important role in strengthening ties between Africa and people of African descent living abroad.
He noted that the group’s journey towards citizenship represents not only a legal process but also a cultural and spiritual return to their roots.
Also present at the meeting was Natalie Jackson, an attorney who is also expected to receive Ghanaian citizenship during the ceremony. She works closely with renowned civil rights lawyer Ben Crump.
Mr Okyere Darko emphasised that Ghana remains committed to strengthening relationships with the African diaspora and promoting unity, identity, and shared heritage among people of African descent worldwide.
By: Jacob Aggrey
Ghana has signed a debt restructuring agreement with the Kingdom of Belgium as part of efforts to restore the country’s economic stability after the financial crisis that hit the nation in 2022 and 2023.
The Minister of Finance, Cassiel Ato Forson, today disclosed that he signed the agreement on behalf of the Government of Ghana.
He explained that Ghana experienced a very difficult period during the crisis, which forced the government at the time to declare a debt default.
However, he indicated that the country is now recovering and witnessing a significant economic turnaround.
According to him, stronger systems are also being put in place to ensure that Ghana does not return to such a situation again.
Dr Forson noted that the agreement with Belgium is the eighth deal Ghana has concluded with countries under the Official Creditor Committee as part of its external debt restructuring programme.
He expressed appreciation to the Government of Belgium for its support and partnership with Ghana during the process.
The Finance Minister thanked Carole van Eyll, Ambassador of Belgium to Ghana, for her role in strengthening relations between the two countries.
The agreement forms part of Ghana’s broader effort to restructure its external debts and stabilise the economy following the crisis.
By: Jacob Aggrey
