Pace of Cedi depreciation unacceptable – John Kwakye

The Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye has said he is worried at the rate of the depreciation of the Cedi against the Dollar.

This is despite the position of the Monetary Policy Committee (MPC) that the Cedi has generally stabilised.

In a post on is X platform reacting to the reduction of the policy rate from 29% to 27%, Dr Kwakye, also an economist, said "I welcome the MPC decision to cut the PR from 29% to 27%.

This was long overdue.