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AN EXPERIENCED UNCLE ADVISES HIS NEPHEW ON MONETAR

Author:
Yaw Konadu 1
Date:
2019-03-15 09:56:16


Elder Pianim and the current Finance Minister's dad are contemporaries and know each other very well. They both served in the Busia government.

Now, the Uncl/Elder Statesman has some good advise to his nephew, the current Finance Minister - to disengage from wasting time on the cedi and focus on real economic growth and transformation.

Have some of us not been saying the same thing? If the economy is producing and earning enough forex, the cedi will stabilize by itself. It is economic suicidal and myopic to borrow foreign funds to support an over-valued currency.

Read on:

Peace

YK

https://www.ghanaweb.com/GhanaHomePage/business/Your-job-is-not-to-stabilize-the-cedi-Pianim-tells-Ken-Ofori-Atta-730593

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