Despite recent gains by the Ghanaian cedi against major foreign currencies, many traders remain unwilling to adjust their prices downward-a situation that has drawn attention and sparked debate.
Dr.
Owoahene Acheampong, a lecturer at the Kwame Nkrumah University of Science and Technology (KNUST), has offered a compelling explanation for this reluctance, pointing to a crisis of confidence in government economic management.
According to him, the ongoing skepticism among traders is rooted in their doubts about the sustainability of the cedi's rebound. "The current appreciation of the cedi is seen by many traders as cosmetic or artificial," Dr.
