• Advertise with Us
  • About Us – Fish Fm Online
  • Contact Us
  • Live TV & Radio
Wednesday, July 2, 2025
  • Login
  • Business
  • Politics
  • General News
  • Entertainment
  • Sports
  • Tech
  • Africa
  • Listen 88.5 Radio Live
No Result
View All Result
FISH FM ONLINE
  • Business
  • Politics
  • General News
  • Entertainment
  • Sports
  • Tech
  • Africa
  • Listen 88.5 Radio Live
No Result
View All Result
FISH FM ONLINE
No Result
View All Result
Home Business

Cedi woes: IEA’s Kwakye to suggest ‘firefighting, short-term, medium-term & long-term’ options

Patrick Gyasi by Patrick Gyasi
May 20, 2024
in Business, General News
0
Cedi woes: IEA’s Kwakye to suggest ‘firefighting, short-term, medium-term & long-term’ options
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, has announced that he would be suggesting real, better ways to tackle the woes of the Cedi.

He noted that the New Patriotic Party (NPP) and the National Democratic Congress (NDC) have all performed badly in managing the local currency.

He recounted that the NDC, during their tenure, took the cedi-dollar rate from 1.20 at the end of 2008 to 4.20 at the end of 2016.

Currently, the governing NPP has taken it from 4.20 to 13.77 as of 16th May 2024.

“Both are very abysmal. No one should even dare tell us that one is better than the other,” he wrote on X.

“Waiting to receive IMF disbursement to stabilise the bleeding cedi, which is not even sustainable, is a pity.

“Don’t our economic managers have other options? Watch out for my article next week suggesting a menu of firefighting, short-term, medium-term and long-term options.”

The currency hasn’t gained versus the dollar in the past 22 trading sessions, the longest streak, Bloomberg reported.

The currency hasn’t gained versus the dollar in the past 22 trading sessions, the longest streak according to data compiled by Bloomberg going back to 1994. The cedi traded 0.3% weaker at 13.9310 by 1 p.m. in London.

Tags: .JOHN KWAKYECedi
Previous Post

Jubilee House explains how Akufo-Addo avoided the fatal accident involving his convoy

Next Post

We’re seeking to partner a strategic investor to raise capital to invest in the hotels & assist in their mgt – SSNIT

Next Post
We’re seeking to partner a strategic investor to raise capital to invest in the hotels & assist in their mgt – SSNIT

We’re seeking to partner a strategic investor to raise capital to invest in the hotels & assist in their mgt – SSNIT

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

EDITOR'S PICK

  • All
  • Politics
Adopt US Inspector General Style To Deal With Corruption From The Top – Dr Kwakye

Adopt US Inspector General Style To Deal With Corruption From The Top – Dr Kwakye

February 13, 2024
Heavy evening rainfall floods Odorkor-Kwashieman road, causes traffic disruptions

Heavy evening rainfall floods Odorkor-Kwashieman road, causes traffic disruptions

May 21, 2025
Captain Emmanuel Adu Siaw Commits to FC Samartex 1996 with Contract Extension Until 2026

Captain Emmanuel Adu Siaw Commits to FC Samartex 1996 with Contract Extension Until 2026

January 30, 2024
DCOP Lydia Donkor Appointed Chair of GFA Security Committee

DCOP Lydia Donkor Appointed Chair of GFA Security Committee

February 1, 2024

About Fish FM Online

Fish FM Online is a Private News Portal based in Boamang Afigya Kwabre North Ghana.

Fish FM Online is Ghana’s leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Follow us

Categories

  • Africa
  • BBC
  • Business
  • Crime
  • Economy
  • Education
  • Energy
  • Entertainment
  • Fish TV
  • General News
  • Health
  • Lifestyle
  • National
  • Opinion
  • Politics
  • Regional
  • Religion
  • Security
  • Sports
  • Tech
  • Top Story
  • Uncategorized
  • World

Recent Posts

  • We slept in the same bed, but Ken Ofori-Atta’s legacy betrayed our hope – Frank Adu Jnr
  • GhIPSS CEO Archie Hesse to steps down after nearly two decades of service
  • CJ reinstatement: GBA asking for ‘willful, blatant violation of Constitution’ – Kwakye Ofosu
  • ‘I was forced out, but I hold no grudge’ – Frank Adu Jnr opens up on Cal Bank exit
  • Contact Us
  • Advertise with Us
  • Live TV & Radio

All Rights Reserved © 2023 Fish Fm Online Powered by Code Arthur.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Entertainment
  • Sports
  • Tech
  • Africa
  • World
  • Health
  • Fish Fm Online
  • Live TV & Radio

All Rights Reserved © 2023 Fish Fm Online Powered by Code Arthur.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In