Ghana’s debt has hit GH₵761.2 billion, burdening the economy and its citizens. Rising debt, cedi depreciation, and IMF interventions shape the nation’s financial future.
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Tag:
Cedi depreciation
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Alliance for Revolutionary Change, led by Dr. Abu Sakara, pledges to stop cedi depreciation by leveraging Ghana’s cocoa resources.
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Dr. Mahamudu Bawumia plans to back the cedi with gold, aiming to stabilize Ghana’s economy and restore confidence amid ongoing currency depreciation.
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KNUST Lecturer Dr. Kwasi Amakye Boateng criticizes Dr. Bawumia’s economic promises as rhetoric, urging action to address the cedi’s depreciation.
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Economist Professor Godfred Bokpin attributes the Cedi’s depreciation to the IMF’s restrictive financial support program, limiting Ghana’s central bank interventions.
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Ghana’s cedi depreciation is devastating businesses, escalating costs, and deepening debts, putting the entire economic sector under pressure.
