The Alliance for Accountable Governance (AFAG) has called on President Akufo-Addo to reassign Finance Minister, Ken Ofori-Atta and Charles Adu Boahen, if he cannot sack them.
According to the Alliance, the two ministers have failed to curb the continuous depreciation of the Cedi.
In a press statement issued on Monday, they asked President Akufo-Addo to reassign the two immediately to salvage the situation.
“The Minister of Finance and the Minister of State at the Ministry, Ken Ofori Atta and Charles Adu Boahen must be reassigned,” they demanded.
Also, they have asked the President and the government to punish persons engaging in illegal forex trading.
According to AFAG, these persons are also contributing to the free fall of the Cedi.
“Some forex restrictions targeted at persons undermining the system need to be introduced, from the central bank through the commercial banks to the unlicensed forex operators,” excerpts of the statement demanded.
Meanwhile, the Governor of the Bank of Ghana (BoG) will on Tuesday meet managers of banks and operators of forex bureaux to address the depreciation of the cedi.
The meeting is also supposed to fix what the banks say is the overpricing of the dollar on the market.
The local currency has depreciated further to sell at ¢15.20 to one US dollar.
This is about 3.4% depreciation in less than a day, after trading on October 24, at ¢14.70.
Information Minister, Kojo Oppong Nkrumah at an emergency news conference on Monday also outlined plans by the government to respond to the depreciation of the Ghanaian currency.
Latest Stories
- Fire destroys 3 houses, five vehicles at Kwadaso
33 mins - Performance of changed minority leaders outstanding, reshuffle came as a surprise – Political Analyst
42 mins - Abubakar Malik Atampuri: A detailed analysis of why Dr. Kuganab-Lem lost the Binduri seat to the NPP
1 hour - Liverpool manager Jurgen Klopp says Mohamed Salah is ‘suffering’ this season
2 hours - Auditor General’s Covid-19 report: ‘We need to see prosecution’ – Theo Acheampong
2 hours - Mrs Frances Ivy Anin nee Nana Akyere
3 hours - Supporting budget with 46% of Covid-19 funds not wrong – Sylvester Tetteh on Auditor-General’s report
3 hours - Samson’s Take: OSP officers fighting corruption on empty stomach?
3 hours - NDC impasse confirms long-held rivalry between Mahama and Haruna Iddrisu – Sylvester Tetteh
3 hours - Industry players should also commit to attainment of SDGs – AGI president
3 hours - We are in economic crisis because government misused Covid-19 funds – Kofi Adams
4 hours - ‘Exceptional guy’ Ake edges Man City past Arsenal in FA Cup
4 hours - Reality zone with Vicky Wireko: Africa’s leadership failures: Do we cast stone at age or quality?
4 hours - Novak Djokovic: Dad’s Russia controversy was ‘not pleasant’ but a ‘misinterpretation’
5 hours - Apple users with certain old iPhone, iPad devices should install this security update
5 hours