StanChart Africa research boss calls for tougher measures to stabilise cedi
Head of Research at StanChart Africa, Razia Khan, is calling for tougher measures to check the excess cedi in circulation to help stabilize the local currency.
The Ghana cedi has dropped by almost five percent against the dollar according to some analysts.
The Governor of Bank of Ghana Dr. Kofi Wampah has indicated that he expects the cedis’ free fall to halt by August.
But Razia Khan told Joy Business managers of the economy should also look at making the cedi an attractive currency.
Razia Khan said government must give investors reason to invest in the Ghanaian economy and in the cedi.
She said currently there is a trade imbalance in the economy, saying Ghana imports more than it exports.
She adds that the cedi’s woes can also be managed if government checks it’s spending.