Cedi stability: The economy's overreliance on forex problematic – Prof. Bokpin

Ghana Cedi's stability at risk without stronger reserves - Prof. Bokpin

Economist and Finance Lecturer at the Univer­sity of Ghana Business School, Professor Godfred A. Bokpin, has urged the govern­ment to build stronger reserves to sustain the stability of the Ghana Cedi. He noted that while the recent appreciation of the currency was commendable, it was not sustain­able without deliberate efforts to strengthen foreign reserves, attract the right capital, and grow domes­tic savings. Prof. Bokpin made the call at a …

Cedi stability: The economy's overreliance on forex problematic – Prof. Bokpin

Economist Prof. Godfred Bokpin has cautioned that Ghana’s heavy reliance on foreign exchange is undermining the stability of the cedi. Speaking on JoyNews’ Newsfile on Saturday, he noted that while Bank of Ghana interventions may be necessary when volatility is excessive, extensive interference risks creating an artificial exchange rate that does not reflect market realities. […] The post Cedi stability: The economy’s overreliance on forex probl…