US-based economics professor Steve Hanke has rejected Databank Research’s projection that the cedi will stabilise against the dollar and other major currencies in the coming weeks. The professor of Applied Economics at the John Hopkins University in the United States has tweeted that the projection is not grounded on credible data. Prof Steve Hanke is a professor of applied economics at the John Hopkins University. Source: TwitterIn his estimation, since 2020, the cedi has depreciated by over 41% against the United States dollar. Databank Research’s Forecast On The Cedi In Coming WeeksDatabank Research, the research arm of Databank, co-founded by finance minister Ken Ofori-Atta, forecasted that the cedi will hold up against other major trading currencies in the coming weeks.
