{"id":1229677,"date":"2022-10-20T11:12:53","date_gmt":"2022-10-20T11:12:53","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/10\/20\/sadly-the-cedi-is-being-irretrievably-destroyed-iea-director-of-research\/"},"modified":"2022-10-20T11:12:53","modified_gmt":"2022-10-20T11:12:53","slug":"sadly-the-cedi-is-being-irretrievably-destroyed-iea-director-of-research","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/10\/20\/sadly-the-cedi-is-being-irretrievably-destroyed-iea-director-of-research\/","title":{"rendered":"\u201cSadly the cedi is being irretrievably destroyed\u201d \u2013 IEA Director of Research"},"content":{"rendered":"<p><\/p>\n<p>Dr. John Kwakye<\/p>\n<div id=\"article-text\">\n<p>The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, has expressed worry at the way the Ghana cedi is losing value to the US dollar and other major foreign currencies, saying, \u201csadly the cedi is being irretrievably destroyed\u201d.<\/p>\n<p>According to him, it is sad that economic managers cannot come up with a plant to arrest the situation.<\/p>\n<p>In a tweet, Dr. Kwakye said \u201csadly the cedi is being irretrievably destroyed. And all we do is look on. Why can\u2019t our economic managers come up with a plan to arrest the situation?\u201d<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"577\" height=\"117\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/10\/cedi-kwakye.png\" alt=\"\u201cSadly the cedi is being irretrievably destroyed\u201d \u2013 IEA Director of Research\" class=\"wp-image-10032192684 lazy\"  data- title=\"\u201cSadly the cedi is being irretrievably destroyed\u201d \u2013 IEA Director of Research\"\/><\/figure>\n<p>He further pointed out that the ruling NPP government and the opposition NDC are the banes of the progress of the country, adding, the nation needs a leader willing and capable of pursing the national interest without being shackled by political influence.<\/p>\n<p>\u201cNPP-NDC political capture is the bane of our progress as a nation. We need a leader who is willing and capable of pursuing the national interest without being shackled by political influence\u201d.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"591\" height=\"130\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/10\/Kwakye-NPP.png\" alt=\"\u201cSadly the cedi is being irretrievably destroyed\u201d \u2013 IEA Director of Research\" class=\"wp-image-10032192686 lazy\"  data- title=\"\u201cSadly the cedi is being irretrievably destroyed\u201d \u2013 IEA Director of Research\"\/><\/figure>\n<p>He concluded that the country should not expect manner to fall from heaven to address its challenges, adding \u201cwe should solve our problems ourselves\u201d.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"613\" height=\"117\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/10\/kwakye-manner.png\" alt=\"\u201cSadly the cedi is being irretrievably destroyed\u201d \u2013 IEA Director of Research\" class=\"wp-image-10032192689 lazy\"  data- title=\"\u201cSadly the cedi is being irretrievably destroyed\u201d \u2013 IEA Director of Research\"\/><\/figure>\n<p>The woes of the Ghana cedi continued unabated as the local currency traded at \u00a213.75 to the dollar on the forex market.<\/p>\n<p>This has triggered protests and the closure of shops by members of the Ghana Union of Traders Association (GUTA).<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dr. John Kwakye The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, has expressed worry at the way the Ghana cedi is losing value to the US dollar and other major foreign currencies, saying, \u201csadly the cedi is being irretrievably destroyed\u201d. According to him, it is sad that economic managers [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1221260,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[672,2913,1749,3577,27735,6914,10274],"class_list":["post-1229677","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-cedi","tag-destroyed","tag-director","tag-iea","tag-irretrievably","tag-research","tag-sadly"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1229677","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=1229677"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1229677\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1229677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1229677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1229677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}