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Business News Wed, 17 Jun 2015

Mahama meets Economic Advisory team

President John Mahama has met his economic advisory group over recent economic developments in the country.

The meeting which was attended by finance minister, Seth Terkper, NPP stalwart Kwame Pianim, governor of the central bank, Dr Henry Kofi Wampah, among others was held in Accra Tuesday.

It is unclear the specific economic issue the President and his team discussed. But there are growing concerns over the persistent fall of the local currency, the Cedi.

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The cedi continues its losing streak despite moves by the Bank of Ghana and the finance ministry to save it from further fall.

According to the Bank of Ghana, from January to May 8, 2015, the cedi cumulatively depreciated by 17.2 percent against the USD, compared with 21.3 percent recorded in the same period in 2014.

Source: Starrfmonline.com
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