Former President John Dramani Mahama has weighed in on recent concerns about the performance of the Ghanaian cedi, cautioning against panic and assuring Ghanaians that the Bank of Ghana is monitoring the situation closely.
Engaging stakeholders in Accra on the implementation of his proposed 24-Hour Economy policy, Mahama took a moment to address growing public anxiety about the depreciation of the local currency. "And so I don't envisage that some people say to come to one city, one dollar.
No, that's extreme.
We'll virtually collapse our export sector if that happens," he said, dismissing speculation about a dramatic appreciation of the cedi to match the U.S.
