The Chief Executive Officer (CEO) of Women’s World Bank, Charlotte Lily Baidoo has lauded the Finance Minister, Mr Ken Ofori-Atta over the current strength of the cedi after it fell against major trading currencies in the past weeks.
Her praises followed the bouncing back of the cedi after Mr Ofori- Atta announced on 13th March, 2019 government measures to reverse the depreciation of the cedi.
The Minister said the government was to receive GH¢ 900.00 million receipts from COCOBOD and three billion Eurobond, launched last year, and additional bridge finance of 750 million dollars to boost the economy.
The Minister said he was sure the cedi would stabilise against the major currencies soon.
He said the challenge was how to deal with the country’s imports and at the same time boost export, adding that the country needed to change her import dependency, “otherwise we’ll always be battling this issue, it does not matter which government is in power.”
It is against this backdrop that the CEO, who is also an economist, said the Minister had really tried in making the cedi gain strength again.
Speaking on Vim Talk hosted by Afia Pokua, the economist said the fall of the cedi in March was outrageous, hence the action taken by the government to stem the tide.
Source: Emmanuel Kofi Nkansah |Email: Manuelnkansah33@gmail.com
