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Source: newsthemegh.com/Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.
The Governor of the Bank of Ghana, Dr. Ernest Addison has reiterated that the Ghana cedi will stabilise against the US dollar and the other major foreign currencies.
According to him, the Central Bank is doing everything possible to keep the exchange rate front stable. Speaking at the First Bank Ghana Gala night, Dr. Addison said it is impossible for inflation to trend downwards whilst the exchange rate is unstable.
“I am sure you know that the exchange rate stability will be sustained. “It is not possible to continue the disinflation process with exchange rates that are not stable, so implicit in that statement is to give assurance to you all about the stability of the cedi going forward.”