Cedi depreciation a ritual problem; Bawumia will fix it – Deputy Finance Minister

The Deputy Minister for Finance, Dr. Stephen Amoah, has emphasized that the depreciation of the Ghanaian cedi is due to the import-oriented economy, which increases demand for the dollar.

He highlighted the need for a long-term strategy to address this issue, transcending individual governments.

Dr. Amoah expressed confidence in Vice President Dr. Mahamudu Bawumia's ability to implement a sustainable framework if elected, and acknowledged the need for a unified, national approach to tackle the cedi's depreciation.

Cedi depreciation: Issue is a ritual problem; Bawumia will design a long-term framework to deal with it. - Deputy Finance Minister #ElectionHQ pic.twitter.com/XrzETrpi2u

— JoyNews (@JoyNewsOnTV) May 29, 2024