Business News of Monday, 20 January 2020Source: www.ghanaweb.comWork of FX Devt Committee in probing cedi depreciation will be short-term – AkligohSampson Akligoh, Acting Director, Financial Sector Division of the Finance MinistryThe Acting Director, Financial Sector Division of the Finance Ministry says the work of the Forex (FX) Development Committee's instituted to probe the recurring depreciation of the cedi is going to be short-term and that its expected to present a report in the next three months. According to Sampson Akligoh, the FX Development Committee is also expected to come up with a strategy to influence the future trajectory of the currency. “The work of the committee is going to be short-term and that its been expected to present a report in the next three months. Government through the Finance Ministry last week established the Forex Development Committee with a mandate to look into policy measures and interventions to prevent the recurring depreciation of the cedi from assuming the impact of the central bank. The move follows a promise made by the Finance Minister, Ken Ofori Atta, last year that government would establish a bi-partisan committee to investigate the structural causes of the cedi depreciation and propose adequate measures.

Source: GhanaWeb January 20, 2020 10:41 UTC