According to Mahama, there is no time in history that the dollar has been arrested, but that the prudent thing was to help the cedi keep pace with the dollar. “Under all previous presidents, I never heard anyone claim to have arrested the dollar, jailed it and locked the doors. No one can arrest the dollar, it is the cedi that must be helped to keep pace with the dollar,” he said while addressing some party faithful in Fante. When we investigated, it turned out that it was the cedi that had been jailed and the dollar had been bailed,” he added. The Ghana cedi recently maintained its spot as the worst performing currency in Africa, according to a Bloomberg report.

Source: GhanaWeb August 22, 2022 13:44 UTC