Cedi’s recent challenges are over –BoG Governor assures

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The Governor of the Bank of Ghana Dr Ernest Addison has given the firm assurance that the recent challenges that hit the cedi resulting in that sustained blips are over.

Recent Challenges with the cedi and Bank of Ghana‘s assurance 

The cedi has witnessed some interesting developments over the past two months. In one week, it showed some strong recovery, however, the trend was revised later, resulting in some sustained deprecation.

But Dr Addison maintains that the challenge is now over, adding that the cedi would and should be fairly stable going forward, “We expect that the low inflation that we have witnessed together with those sentiments reducing would surely help stabilize the cedi strongly”.

The cedi has witnessed some interesting developments over the past two months. In one week, it showed some strong recovery, however, the trend was revised later, resulting in some sustained deprecation.

But Dr Addison maintains that the challenge is now over, adding that the cedi would and should be fairly stable going forward, “We expect that the low inflation that we have witnessed together with those sentiments reducing would surely help stabilize the cedi strongly”.

Source: Myjoyonline.com

 

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