Business News of Thursday, 21 March 2019Source: citinewsroom.comAppreciation of cedi temporary – Fifi KweteyFormer Deputy Finance Minister, Fifi KweteyA former Deputy Finance Minister under Mahama administration, Fifi Kwetey says the recent appreciation of the cedi is only temporary and will depreciate again. The value of the cedi until earlier this week had greatly reduced, sparking concerns of serious economic challenges. But Fifi Kwetey says the improvement being seen with the cedi will not last. “This temporary injection that has taken place is basically going to have the same effect [as last year]. They did that, thinking that somehow that is going to lure the people into a certain sense of security but that security will be short-lived,” he said.

Source: GhanaWeb March 21, 2019 09:11 UTC