BoG Must Communicate Exchange Rate Targets to Avoid Uncertainty

Avoid the gimmickry, and implement policies to sustain the cedi—Ahiagbah to gov’t

Communications Director for the opposition New Patriotic Party (NPP), Richard Ahiagbah, has asked the governing National Democratic Congress to fashion out sustainable ways to keep the cedi’s strength. He holds the view that the current gains being made by the cedi is a result of the work done by the erstwhile Nana Addo Dankwa Akufo-Addo, Bawumia government. Therefore, there will be a need for other sustainable measures to ensure that the cedi’s…

BoG must communicate exchange rate targets to avoid uncertainty

An economist professor at the University of Ghana Business School, Professor Godfred Bokpin, has called on the Bank of Ghana to clearly communicate its exchange rate targets to avoid uncertainties that could negatively affect the market in the long run. According to him, the strategies being used to manage the cedi must be transparent and […] The post BoG must communicate exchange rate targets to avoid uncertainty appeared first on Ghanamma.com.

‘We should be building reserves, not playing with rates’ – Prof. Bokpin warns of BoG currency strategy

Economist Professor Godfred Bokpin says Ghana risks undermining long-term macroeconomic stability by manipulating exchange rates to curb inflation instead of building up foreign reserves. In an interview on Newsfile, he argued that the Bank of Ghana’s current actions, while seemingly effective in the short term, may come at a long-term cost. “This is not a […] The post ‘We should be building reserves, not playing with rates’ – Prof. Bokpin warns…