The current pressure on the cedi is a temporary hiccup, and it will shortly return to normal – Governor (BoG)

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Governor of the Bank of Ghana, Dr. Johnson Asiama, has described the current pressure on the cedi as a short-term blip and assured that the situation will normalise soon.

This, he says, is based on some drastic measures that the Bank of Ghana has implemented to deal with the current challenge with the cedi over the past months.

Dr. Johnson Asiama disclosed this in an interview with Joy Business in response to recent pressure on the Ghana cedi.

The governor described this challenge as a short-term “cash flow” problem, which the regulator believes, with some of the actions taken so far, the expected correction will happen soon.

Source: newsthemegh.com