Audio By Carbonatix
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
-
Walewale MP withdraws ‘rude’ comment on Bagbin’s Parliament recall, apologises
6 minutes -
FoSCel founder urges curriculum reform to strengthen sickle cell education in Ghana
13 minutes -
United States launches America.Gov for public services 5 years after Dr. Bawumia launched Ghana’s version Ghana.Gov
24 minutes -
Cocaine probe: Majority used super majority with Speaker’s support to weaken Parliament – Afenyo-Markin
27 minutes -
UGMC Research Director urges stronger clinical trials to bridge gap between research and patient care
37 minutes -
IEAG calls on FDA to resolve delays in import code issuance
37 minutes -
UGMC research must translate laboratory findings into healthcare solutions – Prof Evelyn Yayra Bonney
58 minutes -
Court remands 3 over alleged gold concentrate robbery
60 minutes -
Two bodies stuck at St. Anne’s mortuary after refrigeration engines break down
1 hour -
‘We will not let this matter rest’ – Afenyo-Markin after Bagbin rejects narcotics probe
1 hour -
AFCON 2027Q: Ghana suffer 4-2 defeat to Gambia
2 hours -
Your strike could disrupt academic calendar – GES urges teachers to return
2 hours -
Speaker’s ruling has failed integrity test required of Parliament to discharge its duties – Afenyo-Markin
2 hours -
St. John’s Grammar edges Mfantsipim in nail-biting NIQ showdown
2 hours -
Expanding Financial Inclusion: Advans Ghana’s client base more than doubles to 160,000
2 hours