Audio By Carbonatix
Head of Research at StanChart Africa, Razia Khan, is calling for tougher measures to check the excess cedi in circulation to help stabilize the local currency.
The Ghana cedi has dropped by almost five percent against the dollar according to some analysts.
The Governor of Bank of Ghana Dr. Kofi Wampah has indicated that he expects the cedis' free fall to halt by August.
But Razia Khan told Joy Business managers of the economy should also look at making the cedi an attractive currency.
Razia Khan said government must give investors reason to invest in the Ghanaian economy and in the cedi.
She said currently there is a trade imbalance in the economy, saying Ghana imports more than it exports.
She adds that the cedi's woes can also be managed if government checks it’s spending.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Interest payments to average a high 20% of government revenue over next 4 years
1 hour -
Strategy of accumulating foreign reserves, gold carries high fiscal cost – S&P Global
1 hour -
Weak institutional arrangements, high debt servicing constrain Ghana’s rating – S&P
1 hour -
Bond market: Turnover declined by 28% to GH¢1.56bn
2 hours -
Volta Region National Public Speaking contest advances drug prevention conversation
2 hours -
New health training facility at Ampoma-Jema to address admission shortfalls, but Minister flags missing amenities
2 hours -
Black Challenge unveiled with sights set on Amputee World Cup glory
3 hours -
Pay striking teachers before expressway spending, Dr Kingsley Agyemang tells government
3 hours -
Customs intercepts assault rifle, two pistols and 610 rounds of ammunition at Tema Port
4 hours -
PKO boxers secure wins at Odwira Festival
4 hours -
South Tongu Records Rise in Teenage Pregnancy
4 hours -
Cabinet threw out US health compact faster than anything I’ve seen – Mahama
4 hours -
MoFA urges Finance Ministry to reverse World Bank food programme withdrawal over GH¢643m commitments
4 hours -
NAGRAT demands signed timelines before calling off strike
5 hours -
National Investment Quiz: West Africa SHS, St. Louis SHS advance to semi-finals
5 hours