PROF. PETER QUARTEY ON CEDI APPRECIATION

 



Director of the Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey was speaking on the sidelines of the Cash in Crisis in Africa conference organised by Maria Sibylla Merian Institute for Advanced Studies in Africa, MIASA. 


He attributed the appreciation of the Ghanaian cedi to a mix of both domestic and external forces. He explained that policies such as Gold for oil reserves and global developments including ongoing trade tensions involving the U.S and other countries have influenced the currency's performance.


He commended the Bank of Ghana and the ministry of finance on what he describes as an improved coordination and increased transparency which he believes is restoring public confidence.


Meanwhile, Fitch Solutions has predicted that, Ghana cedi will end 2025 at GH¢15.50 to one US dollar, with an annual average of GH¢15.30/US dollar. 


Reported By Azaglo Michael 

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