The central bank has to abolished the using of floating exchange rate regime and introduce the fixed exchange rate regime where by the cedi is peg to the value of gold or the dollar at a fixed exchange rate. because If a coun ... read full comment
The central bank has to abolished the using of floating exchange rate regime and introduce the fixed exchange rate regime where by the cedi is peg to the value of gold or the dollar at a fixed exchange rate. because If a country is suffering from economic issues, such as unemployment or high inflation, floating exchange rates may intensify the existing problems. For example, depreciation of a country’s currency already suffering from high inflation will cause inflation to increase further due to an increase in demand for goods. Moreover, expensive imports may worsen the country’s current account.
.mr amin 10 months ago
@Abdul, I support your comment 1000% I have been calling for this long ago, we should have a stable currency with good purchasing power that is what will move us forward and create jobs, this floating regime is not helping us ... read full comment
@Abdul, I support your comment 1000% I have been calling for this long ago, we should have a stable currency with good purchasing power that is what will move us forward and create jobs, this floating regime is not helping us why do we continue to operate it, we should know that the depreciation of the cedi is the mother of all the challenges Ghana is facing
The central bank has to abolished the using of floating exchange rate regime and introduce the fixed exchange rate regime where by the cedi is peg to the value of gold or the dollar at a fixed exchange rate. because If a coun ...
read full comment
@Abdul, I support your comment 1000% I have been calling for this long ago, we should have a stable currency with good purchasing power that is what will move us forward and create jobs, this floating regime is not helping us ...
read full comment