{"id":1187413,"date":"2022-08-23T07:59:55","date_gmt":"2022-08-23T07:59:55","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/08\/23\/more-dollars-to-be-injected-into-economy-soon-information-minister-reveals\/"},"modified":"2022-08-23T07:59:55","modified_gmt":"2022-08-23T07:59:55","slug":"more-dollars-to-be-injected-into-economy-soon-information-minister-reveals","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/08\/23\/more-dollars-to-be-injected-into-economy-soon-information-minister-reveals\/","title":{"rendered":"More dollars to be injected into economy soon &#8211; Information Minister reveals"},"content":{"rendered":"<p><\/p>\n<div id=\"article-text\" style=\"line-height: 2; letter-spacing: -0.5px;font-size: 18px;\">\n<p>                        <!--p class=\"ky_saved_articles_link\"><span class=\"ky_saved_articles_hide\"><img decoding=\"async\" src=\"\" class=\"ky_saved_articles_img\" alt=\"More dollars to be injected into economy soon - Information Minister reveals\" title=\"More dollars to be injected into economy soon - Information Minister reveals\"><\/span> Bookmark<\/p-->\n<p>The Information Minister has said some dollars will be injected into the economy soon to halt the sharp depreciation of the Ghanaian Cedi.\u00a0<\/p>\n<p>Kojo Oppong Nkrumah said about $2 billion will hit the government\u2019s account shortly.<\/p>\n<p>For the breakdown, he said $750 million is expected from the Afremix Bank this week, whilst the cocoa syndicated loan will add $1.3 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/08\/Kojo-Oppong-Nkrumah-Information-Minister-1024x683.jpeg\" alt=\"More dollars to be injected into economy soon - Information Minister reveals\" class=\"wp-image-10032112699\"   title=\"More dollars to be injected into economy soon - Information Minister reveals\"\/><figcaption>Kojo Oppong Nkrumah is the Information Minister<\/figcaption><\/figure>\n<p>He, therefore, assured that the free fall of the cedi to the dollar will end soon as the local currency will be stabilised.<\/p>\n<p>\u201cThe Bank of Ghana introduced a number of measures in the short term to deal with it and on the back of that\u2026 the $750 million that we were expecting, all the paperwork has been concluded, and it should be hitting our accounts today or tomorrow.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"809\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/08\/Kojo-Oppong-Nkrumah-1024x809.jpg\" alt=\"More dollars to be injected into economy soon - Information Minister reveals\" class=\"wp-image-10032121527\"   title=\"More dollars to be injected into economy soon - Information Minister reveals\"\/><\/figure>\n<p>\u201cIf I were you, and I was holding onto dollars, I would be selling them by now because there is a lot more dollar coming in from the $750 million and also from the Cocoa Syndicated Loan of about $1.3 billion,\u201d the minister said in an interview with Accra-based Citi FM on Monday, August 22.\u00a0<\/p>\n<p>The country\u2019s economy is in some difficulties leading to some hardships on Ghanaians<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"683\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/08\/Information-Minister-Kojo-Oppong-Nkrumah.jpeg\" alt=\"More dollars to be injected into economy soon - Information Minister reveals\" class=\"wp-image-10032090738\"   title=\"More dollars to be injected into economy soon - Information Minister reveals\"\/><\/figure>\n<p>The cedi is also the worst-performing African currency and has also depreciated against some major international currencies.<\/p>\n<p>The currency has dropped by at least 35 percent in 2022, according to Bloomberg.\u00a0<\/p>\n<p>                <!-- Post Tags --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Information Minister has said some dollars will be injected into the economy soon to halt the sharp depreciation of the Ghanaian Cedi.\u00a0 Kojo Oppong Nkrumah said about $2 billion will hit the government\u2019s account shortly. For the breakdown, he said $750 million is expected from the Afremix Bank this week, whilst the cocoa syndicated [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1187415,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[6243,1963,4277,23937,1223,51],"class_list":["post-1187413","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics","tag-dollars","tag-economy","tag-information","tag-injected","tag-minister","tag-reveals"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1187413","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1187413"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1187413\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1187413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1187413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1187413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}