Some analysts have wondered whether or not the Cedi's resurgence will be sustainable beyond the general elections.
For instance, the Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye noted that the recent cedi appreciation is due to deliberate intervention by the Bank of Ghana (BoG) ahead of the election. "It's got nothing to do with improved economic fundamentals," he said.
He expresses the view that "The real test will come after the election." https://t.co/FwLOb5z5VK.
Recent cedi appreciation is due to deliberate intervention by BoG ahead of the election.
