No matter how sweet the music might sound, the Ghana cedi isn’t expected to dance.
Ghanaians are currently facing economic hardships following the sustained depreciation of the cedi.
Government has meanwhile taken a firm stand by rolling out comprehensive strategies and enforce revised rules introduced by the Bank of Ghana to arrest the continued depreciation of the cedi.
As part of measures issued by the Bank of Ghana to halt the depreciation of the cedi, all have been urged to transact business in the local currency.
However, in spite of the measures put in place by government to curb the situation, the Executive Director of Imani Ghana, has observed that until the cedi is forced to stop dancing “kpalongo”, Ghanaians should brace themselves for the worse.
In an interview with Okay FM, Mr. Franklin Cudjoe stated that although the recent economic crisis is not new to other countries, it appears the Mahama led government has not learnt any historical lessons which could serve as guide lines in building a buoyant economy.
To him, the cedi has abandoned its economic responsibilities and is taking some dance lessons.