Finance Discusses 'Ghana Beyond Aid' — Pan African Capital Group"/>
Embattled Minister of Finance Ken Ofori-Atta says no one needs to tell him of the ravages of the cedi depreciation.
The government is under pressure to find solutions in order stagnate the depreciating Ghana Cedi and this the minister says the Bank of Ghana is on track and had intensified efforts to remit notions which to him stimulate the depreciation of the Ghana cedi including dealing with other factors which work against the local currency in the long term.
Mr Ofori-Atta, however, stressed the need for citizens to play their part to create a macroeconomic environment capable of meeting the essential needs of individual households and businesses. He said this at a meeting with an Association of Ghana Industries (AGI) in Accra,
“As the Minister of Finance, no one needs to tell me the ravages of the cedi depreciation which has become an albatross on the neck of our local industries and the high cost of living for all citizens,” he said.
He also stressed on the fact that the global situation had led to the depreciation of other leading currencies such as the Pound, Euro and the Yen.
He said “while the dollar keeps getting stronger, the exchange rates keep increasing with the resultant economic challenges”.
Content created and supplied by: OPolitics (via Opera News )
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform See More