5 measures adopted by Government to stabilize the Ghanaian Cedi
Money (Ghana current notes)
In the midst of all the economic issues and financial crisis Ghanaians have been going through recently, the President of the Republic, H.E Nana Addo Dankwa Akufo-Addo hosted a live session on Sunday, 30th October, 2022 to address the Nation on the measures his administration is taking to cool off the economic pressure and to restore calm in the system.
In his speech, the president outlined the various reasons for the collapse of the international market trade systems and global economic crisis which has also transcended to affect the people gravely as Ghanaians.
President Akufo-Addo went further to give details of some prompt measures his government is adopting particularly to stabilize the Ghanaian currency, the Cedi, and to restore calm in our economic environment. Some of these measures taken are;
1. An enhanced Supervision of forex bureaus and the black market.
2. Fresh Inflows of the Dollars.
3. Bank of Ghana to provide Liquidity Support to some Banks
4. New Legal framework on foreign exchange earned in Ghana
5. Bank of Ghana to enhance Gold Purchase Programme.
SOURCE: Coverghana.com.gh
