Audio By Carbonatix
Economist Prof. Godfred Bokpin has cautioned that Ghana’s heavy reliance on foreign exchange is undermining the stability of the cedi.
Speaking on JoyNews’ Newsfile on Saturday, he noted that while Bank of Ghana interventions may be necessary when volatility is excessive, extensive interference risks creating an artificial exchange rate that does not reflect market realities.
According to him, such a situation could trigger responses that the central bank would be unable to control.
The Ghanaian Cedi has shown a remarkable turnaround in 2025.
According to the Finance Minister’s 2025 Mid-Year Budget Review, the cedi depreciated by only 6.8% in the first half of the year, far better than the programmed 19.8% and a significant improvement over the 21.8% depreciation recorded in the same period of 2024.
Latest Stories
-
Heads of Special Schools calls for incentives to recruit and retain specialised teachers in Ghana’s special schools
55 seconds -
Guan Congress 2026 to showcase tourism and investment opportunities in Anum
7 minutes -
Serial UK sex attacker jailed for life for double murder, rape after police failings
8 minutes -
Ablakwa donates 3,000 pieces of modern furniture to schools to tackle deficit
8 minutes -
One dead, 172 rescued after Indonesian ferry from Bali catches fire
10 minutes -
Forensic report on National Cathedral is ready, undergoing review – Kwakye Ofosu
13 minutes -
North Korea fires missile ahead of major US-South Korea drills
15 minutes -
Republic Bank targets affordable home ownership through JoyNews Habitat Fair
19 minutes -
Climate change education must move beyond theory – GAYO Eco-clubs Africa
22 minutes -
Iranian photojournalist faces 15 years in prison over images, reporting
25 minutes -
Tata Group Chairman N Chandrasekaran to step down in February
29 minutes -
Private sector credit grows 41.2%; BoG governor urges banks to deepen lending
30 minutes -
New attacks on shipping as Iran war talks hit fresh impasse
31 minutes -
Israeli settlers besieging Palestinian families in West Bank village
31 minutes -
Zhu Rongji, who helped turn China into a trading giant, dies at 97
31 minutes