Renowned economist, Dr. Nii Moi Thompson has urged government to take pragmatic steps in dealing with the free fall of the cedi against major trading currencies. The local currency, according to the Bank of Ghana has depreciated by about 14 percent within the first quarter of this year, against major trading currencies. “It is clear that the cedi’s woes cannot be addressed successfully with flawed and politicised analyses, or through public lectures full of sound and fury that signify nothing. The local currency on the other hand, is still suffering major depreciation with some forex bureaus selling above GH¢8 to the US dollar. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.

Source: GhanaWeb March 21, 2022 07:10 UTC