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
-
About 282 million people face acute food insecurity in 2023 – GRFC
12 mins -
Ghana’s Antoine Semenyo fires Bournemouth to victory against Wolves
1 hour -
Everton 2-0 Liverpool: Everton apply final blow to Liverpool title challenge
1 hour -
Akufo-Addo nominates Felicia Attipoe as Tema West MCE
1 hour -
Today’s front pages: Thursday, April 25, 2024
1 hour -
We’ll not engage in opaque and obscure deals when elected – Prof Opoku-Agyemang
2 hours -
Energy and Finance Ministries must provide funding to fix energy challenges – IES
2 hours -
Reintroduce Fiscal Responsibility Act to tackle election budget overrun – Osafo Marfo
2 hours -
Prioritise transparency, avoid suppressing the truth – Opoku-Agyemang advises EC
2 hours -
In times of setbacks, I won’t say I was only the driver’s mate – Naana Jane assures Mahama
2 hours -
Joselyn Dumas opens up on why single mothers struggle to find partners
2 hours -
Three damaged ECG pylons result in power outage for 9 Shama communities
2 hours -
Dual citizens eligible for Chief Justice, Chief Director, other positions – Supreme Court rules
3 hours -
SIGA urges increased financial support for SOEs
3 hours -
Akufo-Addo vows to enhance Ghana’s power supply
3 hours