The Bank of Ghana has indicated that it might be compelled to introduce tougher measures to halt the cedi’s decline if current interventions do not yield desired results.

The local currency continues to shrink against the dollar despite measures to completely halt its depreciation.

However, the second deputy Governor of the BoG Millison Narh in an interview with Joy Business maintained that the Central Bank will do everything possible to stabilize the Ghana Cedi.

He said “no matter what the situation maybe, it will be wise for us to take the necessary measures to stabilize the cedi” to protect the economic expenditure of the ordinary Ghanaian.

The central bank recently announced that it will soon move to halt quotation of goods and services in dollars in the country.