The Bank of Ghana has called out persons and groups that continue to negatively speculate about the Ghana Cedi with the hope that the local currency will continue to depreciate against the US Dollar.
While data from the Central Bank shows that the Cedi had depreciated by about 15%, in the first 3 months of this year, checks at some forex bureaus show that the Cedi depreciated by as much as about 30% from the beginning of the year till March 24, 2022.
Prince Obiri Yeboah, Chartered Banker eloquently Explain his view on Bank Of Ghana’s communique on the Cedi Depreciation on Plan B Fm’s Ebanoosen hosted by Bohyeba Afriyie.
He stated that he totally support BOG because the cedi depreciation sometimes is caused by wrong speculations deliberately disseminated by the people of the black Market Also Known As Goro Boys .
He also said that the Bank of Ghana Must work on long term solution to help stabilize the value of the Cedi.
He concluded that the the PR Department Must Always be quick to release a communique about cedi depreciation before wrong speculation starts flying about.
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