Audio By Carbonatix
Head of Research at StanChart Africa, Razia Khan, is calling for tougher measures to check the excess cedi in circulation to help stabilize the local currency.
The Ghana cedi has dropped by almost five percent against the dollar according to some analysts.
The Governor of Bank of Ghana Dr. Kofi Wampah has indicated that he expects the cedis' free fall to halt by August.
But Razia Khan told Joy Business managers of the economy should also look at making the cedi an attractive currency.
Razia Khan said government must give investors reason to invest in the Ghanaian economy and in the cedi.
She said currently there is a trade imbalance in the economy, saying Ghana imports more than it exports.
She adds that the cedi's woes can also be managed if government checks it’s spending.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Thai court acquits opposition politician accused of royal insult
7 minutes -
Google worker charged with using internal data to make $1.2m on bets
11 minutes -
The world’s carmakers are struggling to compete with China
13 minutes -
Oil prices jump after US launches new attacks on Iran
21 minutes -
French Open: Jakub Mensik collapses on court as heatwave continues
27 minutes -
‘Magician’ Gael Monfils exits final French Open
30 minutes -
Robertson close to Spurs move after Liverpool exit
37 minutes -
Pochettino defends not phoning axed US players
40 minutes -
India’s ‘unsafe’ 70ft Messi statue to be moved
42 minutes -
Crystal Palace win Conference League with sperb victorty over Rayo Vallecano
46 minutes -
Tottenham Hotspur needed ‘complete reset’, says under fire CEO
51 minutes -
Nuno to stay as West Ham boss after relegation
58 minutes -
FIFA ordered to explain World Cup ticket pricing
1 hour -
Barca agree ÂŁ69m-plus deal with Newcastle for Gordon
1 hour -
Energy Minister cautions ECG engineers against politicising their work
1 hour