By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Herald ghanaThe Herald ghana
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
Reading: Cedi likely to see further depreciation – Terkper
Share
Aa
The Herald ghanaThe Herald ghana
Aa
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
Search
  • Home
  • General
  • Entertainment
  • Politics
  • Editorial
  • Business
  • Sports
  • Feature
  • Health
  • World
Follow US
  • Advertise
Copyright © 2022 The Herald Ghana. All Rights Reserved
BusinessMajor 3

Cedi likely to see further depreciation – Terkper

J N
Published February 22, 2022
Share
2 Min Read
SHARE

A Former Finance Minister, Seth Terkper, has predicted the Cedi will see further depreciation to major international currencies.

Speaking to Francis Abban on the Morning Starr Tuesday, Mr. Terkper indicated that the government has abandoned policies that could see the Cedi doing well on the international market.

“I don’t see any reliefs because one would have thought the slide of the Cedi will reduce. We are unable to go to the markets for forex. We shouldn’t be doing the bonds.

“The relief will come if we get extra means. There’s some additional money coming from oil. We are suffering at the pump because the means in ESLA for paying subsidies are gone,” he noted.

The Ghanaian Cedi is inching Ghc7 to the dollar with the business community expressing worry.

More Read

Jakpa accuses Attorney General of falsifying evidence

Breaking news: Former finance minister Kwesi Botchwey is dead
Breaking news: Former finance minister Kwesi Botchwey is dead
Update public on comprehensive debt restructuring policy – Terkper to Govt

But, the former Finance Minister thinks the current state of the cedi can partly be blamed on the Akufo-Addo administration failing to build on measures the Mahama administration had put in place to curtail the depreciation.

“As we speak there’s more demand for forex because we have to import crude oil with forex. EXIM Bank should be bringing in forex. But they turned it to be domestic to deal with manifesto promises.

“Under the Mahama administration, we established the Exim bank. This bank should be outward-looking and then it turned domestic (1D1F, among others.),” he added

You Might Also Like

Jakpa accuses Attorney General of falsifying evidence

Breaking news: Former finance minister Kwesi Botchwey is dead

Breaking news: Former finance minister Kwesi Botchwey is dead

Update public on comprehensive debt restructuring policy – Terkper to Govt

J N February 22, 2022
Share this Article
Facebook Twitter Whatsapp Whatsapp Copy Link
What do you think?
Love0
Sad0
Cry0
Happy0
Surprise0
Angry0
Wink0
Previous Article Ken Ofori-Atta confirms Ghana is broke
Next Article Chief of Staff gave me GHC120k to deposit in Adwoa Safo’s account – Ken Agyapong
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
- Advertisement -
Ad imageAd image

Latest News

Poverty/IMF
Ghana’s poverty rate falls to 25.9% in 2024 – IMF
General Major 1 July 14, 2025
Tems/FIFA Club World Cup
Tems makes history at FIFA club World Cup final
Entertainment Major 3 July 14, 2025
Muhammadu Buhari
Buhari’s body arrives in Nigeria, Tinubu declares national mourning
General Major 2 July 14, 2025
GIPC Board/President John Mahama
Mahama swears in 10‑member GIPC Board to accelerate foreign investment drive
Business Major 2 July 14, 2025
CurrencyRate

You Might also Like

GeneralMajor 1

Jakpa accuses Attorney General of falsifying evidence

June 21, 2024
GeneralMajor 1Uncategorized

Breaking news: Former finance minister Kwesi Botchwey is dead

November 19, 2022
GeneralMajor 1Uncategorized

Breaking news: Former finance minister Kwesi Botchwey is dead

November 19, 2022
Major 3

Update public on comprehensive debt restructuring policy – Terkper to Govt

November 1, 2022
Show More

Copyright © 2022-2025 The Herald Ghana. All Rights Reserved

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?