Mon, 10 Jun 2024
Source: peacefmonline.com
The Ghana Cedi has recently suffered persistent depreciation against major trading currencies, impacting the prices of nearly all goods and services produced or imported into the country.
According to Forbes.com, $1 equals GH¢14.972961 as of June 9, 2024.
During a panel discussion on Peace FM's morning show 'Kokrokoo,' the General Secretary of the New Patriotic Party (NPP), Justin Frimpong Kodua, reacted to the current situation by saying, "When the cedi started depreciating last year, we were able to put things in place to stabilize it. Even though it has started depreciating again, I can assure you that we have the competent men to deal with it."
TWI NEWS
Watch video below:
Source: peacefmonline.com
Related Articles:
- Ghana cedi ranked 4th worst-performing currency among 150 top currencies - Bloomberg
- If GH¢4 to US$1 got Mahama out, why does Bawumia want the steer with GH¢16 to US$1? - Hassan Ayariga
- Cedi has become the worst currency under 'so-called economic Messiah' - Hassan Ayariga
- Government must halt fast depreciating Cedi – Ayariga
- The Cedi's free fall: A crisis of confidence in Bank of Ghana and Government of Ghana
- Read all related articles