The Ghana cedi could start depreciating again if Government does not quickly reach an agreement with the IMF.
That is the warning coming from rating agency FITCH.
The Ghana cedi, early this year recorded one of its worst depreciations since its re-denomination.
Speaking to investors across the world, from London, Director at FITCH, Carmen Altenkrich explained why the cedi could once again come under pressure.
According to her, there is increasing investor jitteriness and investors cannot wait longer than the January 2015 deadline as the potential starting point for the programme outlined by President Mahama.
If Government fails to quickly reach a programme with IMF whilst the year progresses, it will definitely affect the currency, she noted.
Listen to Carmen Altenkrich
Latest Stories
-
Breathe Easier with Better Nutrition – Eating to Fight Respiratory Infections
31 minutes -
NDC’s Ashie Moore files lawsuit over alleged $3m fraud, denies wrongdoing
34 minutes -
Abuakwa South MP urges President to halt new 21% Non-Life Insurance Tax
43 minutes -
Politics of Stomach Stability: Power, Praise and Pretence
52 minutes -
The Untapped Power of Ghana’s Indigenous Products
1 hour -
Bankers League Gala kicks off at Legon Stadium with thrilling group stage action
1 hour -
Slay Queen Economy — Data Over Degrees
1 hour -
Asantehene calls on African leaders to foster self-reliance through cooperation and intra-trade
2 hours -
Media urged to champion increased investment in Africa’s agriculture
2 hours -
‘Africa needs its own rating system’ – Akufo-Addo on global credit bias
2 hours -
Think tanks condemn PURC’s 2.45% tariff hike, demand transparency
2 hours -
Fire incidents: Interior Minister condemns prank calls, urges public education
2 hours -
Franklin Cudjoe criticises Torkornoo’s press briefing as needless
2 hours -
Afreximbank was Ghana’s lifeline when the world turned away during COVID-19 – Akufo-Addo
2 hours -
Akufo-Addo pushes for 30% sovereign reserves in African banks
2 hours