Chief Executive Officer of Dalex Finance, Joe Jackson, says the recent gains by the Cedi can be sustained if the government remains transparent and accountable in its implementation of the Ghana Gold Board(GoldBod).
Speaking on Citi Eyewitness News on Friday, May 9, Mr.
Jackson described the Cedi's current appreciation - now trading at GH¢13.10 to the US dollar - as encouraging, but warned that it was not a permanent trend. "If we continue to implement the GoldBod in a transparent and accountable manner then this current appreciation of the Cedi should continue for a bit of time." he said, adding "I don't think it will appreciate forever, but at least it will be stable." Mr.
Jackson noted that Ghana faces significant foreign exchange demands in the coming months due to external debt servicing obligations.
