Business News of Saturday, 24 October 2020Source: www.ghanaweb.comDeepen alliance with private sector to address cedi depreciation – GNCCIDr. Nana Appiagyei Dankawoso I, Immediate-Past President of GNCCIThe Ghana National Chamber of Commerce and Industry (GNCCI) has urged government to deepen its alliance with the private sector to avert the persistent depreciation of the cedi. According to the immediate-past President of the GNCCI, Nana Dr. Appiagyei Dankawoso, the move will ensure an equal exchange rate regime is well achieved to enhance business growth. The Chamber, therefore, calls for collaboration between the private sector and government to address the perennial depreciation of the cedi." Meanwhile, figures released by the Ghana Statistical Service (GSS) shows inflation rate has moderated from 9.8 percent in December 2018 to 7.9 percent in 2019. According to the GSS, this can be attributed to a decline in non-food inflation and rebasing of the inflation basket.

Source: GhanaWeb October 24, 2020 15:00 UTC