Economist and Professor of Finance at the University of Ghana, Godfred Bokpin, has described stabilising the cedi between GH₵10 and GH₵12 as the right path for Ghana's economy, emphasising the need for predictability over sudden fluctuations.
Speaking on Joy FM's Super Morning Show during a discussion on cedi value Prof.
Bokpin noted that the Central Bank had long aimed to manage the exchange rate, even though it was not initially communicated to the public. "I have indicated much earlier that the central bank was targeting the exchange rate.
They didn't want to communicate that to the market at the initial stage, so it was not just a more recent meeting where they decided on it.
