Audio By Carbonatix
An economist, Courage Boti says the number of foreigners holding domestic bonds in the country has declined.
Speaking in an interview on Joy FM’s Top Story on Friday he attributed the decline to the government's precarious liquidity position, which has worsened the country's debt position.
“I have been studying some data and from September last year till now [October 14, 2022] foreigners holding of bonds have declined from about ¢33b to now about ¢17.3b,” he said.
His comment follows the cedi breaching the ¢12 to the dollar mark within just a week, selling at ¢12.10 at most forex bureaus or the retail market.
When asked what options are available to government to deal with the cedi’s depreciation, he suggested that government makes “progress with a balance of payment support from the International Monetary Fund (IMF).”
In his view, when the balance of payment support from the IMF is secured, it will reassure investor confidence.
Latest Stories
-
NICKSETH recognised as Best Building & Civil Engineering Company of the Year 2024/2025 by GhCCI
4 minutes -
MISA Energy rebrands in Kumasi, pledges better service and sustainability
7 minutes -
Kenyasi assault case: Woman handed 15-month jail term for injuring child
2 hours -
Mahama’s trust well placed, I remain focused on fixing education – Haruna Iddrisu
3 hours -
IGP Yohuno promotes 13 senior officers in recognition of exemplary service
3 hours -
Miss Health Organisation unveils new Miss Health Africa and Ghana queens
4 hours -
Andy Dosty set to headline inaugural Ghana Independence Day celebrations in Europe
4 hours -
GoldBod rejects IMF claims of $214m losses under gold-for-reserves programme
4 hours -
Some MMDCEs reject uniform 24-Hour Economy Market model, seek flexible options
4 hours -
Government to reform cultural, creative sector policies
4 hours -
Illegal farming ravages Chai River forest reserve
4 hours -
Christmas should inspire unity and national renewal – Prof Opoku-Agyemang
4 hours -
Ashanti Region: NADMO prioritises preventive measures to reduce road carnage
4 hours -
Mahama pledges reset, growth and jobs for all Ghanaians in Christmas message
4 hours -
13 inmates at Nsawam Prison granted bail under the Justice For All Programme
4 hours