President John Mahama has lauded "wise Ghanaian politicians" who are standing behind his government at a time when the country is facing dire economic challenges.

Without mentioning names, the President wrote on his Facebook page on Monday that these politicians "understand that the right attitude in such times is to assist the government and stop predicting disasters."

 “Because in a democratic country such as ours, the government is the people's government. It is your government”, the President's post said in part.

He then ended by urging Ghanaians to unite even as the country faces "economic and political challenges".

Ghana’s currency, since January this year has been consistently depreciating, declining by more than four per cent against the major international currencies. In 2013, the local currency suffered 17 per cent depreciation.

Presently, the United States Dollar, which used to sell on the local foreign exchange market for Gh¢2.20 before December 2013, is now selling at Gh¢2.60 while the British Pound, which used to be sold at about Ghc3, is now selling at Ghc4.20.

The euro and CFA are selling at Gh¢3.50 and Gh¢4.80 respectively.

The Bank of Ghana (BoG) has announced additional measures to shore up the cedi against the major foreign currencies.

As part of the measures, it has banned commercial banks and other financial houses from issuing cheques and cheque books on foreign exchange accounts and foreign currency accounts (FCA).

BoG has also directed that no bank should grant a foreign currency-denominated loan or foreign currency-linked facility to a customer who is not a foreign exchange earner.

This has culminated in a national debate and consequently called for a crunch cabinet meeting on Monday.

Below is the full post on the President's Facebook wall:

"I thank and salute the wise Ghanaian politicians who understand that the right attitude in such times is to assist the government and stop predicting disasters. Because, in a democratic country such as ours, the government is the people's government. It is your government. And it does everything necessary to lead our country and to attain the development goals it has announced. A nation has to be united when facing any kind of political or economic challenges."