General News of Tuesday, 19 March 2019Source: citinewsroom.comCedi struggles: We need to focus on structural fundamentals – Nana AddoPresident Nana Addo Dankwa Akufo-AddoPresident Nana Akufo-Addo has called for broadening of the discussions on the struggling cedi which he previously said has left him “extremely upset and anxious”. Speaking at a meeting with the leadership of the Ghana Bar Association, President Akufo-Addo said the focus should be turned to the structural problems of the economy. But this hasn’t stopped the cedi from depreciating against the dollar from GHc 4.9 to over GHc 5.5 since the turn of the year. The cedi has depreciated against the dollar from GHc 4.9 to over GHc 5.5 since the turn of the year. Finance Minister, Ken Ofori-Atta in comments on the government’s short term move said: “we are going after; $300 million, $600 million and another $750 million and 3 billion and [I think] we should be okay.

Source: GhanaWeb March 19, 2019 19:30 UTC