Dr.
Matthew Opoku Prempeh has welcomed the recent appreciation of the Ghanaian cedi but insists the real question lies in whether this positive development is translating into tangible economic benefits for ordinary Ghanaians.
The 2024 running mate to Dr.
Mahamudu Bawumia argued that the improved exchange rate must reflect in the prices of goods and services if it is to be truly meaningful. "So if Koko was bringing in $1 billion and he was hoping to translate it to 15 billion CEDs, now the same $1 billion Koko is bringing… we're not giving him 15 billion, we're giving him 10 billion," NAPO said, using a hypothetical example to illustrate how revenue projections are being affected by the shift in the dollar-to-cedi rate.
