Ken Ofori-Atta blames fall of cedi on structural rigidities and speculation 

 The Minister of Finance, Ken Ofori-Atta, has stated that the cedi is performing better under the Nana Addo administration. He explained that the cedi recently suffered some turbulence despite the strong economic fundamentals and improvement in the country’s balance of payments, which the government achieved in the last two years. “It is also noteworthy that […]

If hotels, landlords, ports and gov’t agencies quote their rates in dollars, why are we surprised about the fall of the cedi-KSM

Satirist and actor, Kwaku Sintim-Misa popularly known as KSM is blaming the free fall of the local currency, the cedi to the dollarization of the Ghanaian economy. According to him, the mere fact that almost every important service provided in the country is quoted in dollars is reason enough for the dollar to remain superior […]

Injecting 800 million dollars to cushion cedi is a knee-jerk reaction, it won’t work-Kwesi Pratt

The Managing Editor of Insight Newspaper, Kwesi Pratt Jnr. has pooh-poohed on government’s planned injection of some 800 million dollars to cushion the local currency, the Cedi to curtail its rapid depreciation against the major trading currency, the US Dollar. The free-fall of the local currency has become a major source of concern to various […]