Gov’t planning to curb cedi depreciation; Akufo-Addo to address nation – Oppong-Nkrumah

The Minister of information, Kojo Oppong-Nkrumah, has indicated that the government has taken steps to curb the rapid depreciation of the Ghana cedi.

According to him, the government, in a series of consultations with relevant stakeholders in the financial sector, solved the issue of the cedi depreciation. Aside from that, the Economic Management Team, chaired by Vice-President Mahamudu Bawumia, will also hold a series of meetings with other stakeholders, adds.

This consultation will end with a cabinet retreat, after which the president will address the nation with steps taken to solve the current economic hardship.

On the Interbank forex rates from the Bank of Ghana on October 24, 2022, the Ghana Cedi is trading against the dollar at a buying price of 12.5244 and a selling price of 12.5370.

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