<\/p>\n
The most intriguing thing about the trend\u00a0 of the Cedi\u2019s strength against the Dollar is that if it continues like this speculation will becomes super-risk, that is if one sells or buys, Vice President of Imani Africa Mr Bright Simons has said.<\/strong><\/p>\nThis reduces turnover and suppress liquidity further reinforcing the trend, which effect will then predominate, he further stated.<\/p>\nIn a tweet on Friday December 16, he said he made a bit more progress in his effort to understand \u201cthe fascinating surge of the Ghana Cedi against the dollar\u201d.<\/p>\n\u201cI noticed massive buy-sell (bid-offer) spreads of up to 35% in places. This shows that volatility is coupled with low liquidity. Brokers want to buy cheap,\u201d he said.<\/p>\n\n1\/Today, I made a bit more progress in my effort to understand the fascinating surge of the Ghana Cedi against the dollar. I noticed massive buy-sell (bid-offer) spreads of up to 35% in places. This shows that volatility is coupled with low liquidity. Brokers want to buy cheap. pic.twitter.com\/y8ddF71WL7<\/a><\/p>\n\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\n\u00a0<\/p>\n\u201cLooking at the round-trip costs stated in the 2nd attachment & wondering what the equivalent for a GHS \u2013 USD transaction would be using the rates in the 1st attachment? Simple: changing $10m into cedis & buying $ again will cost u $3.46m. Far higher than Indonesia\u2019s figure above.\u201d<\/p>\n\n3\/Looking at the round-trip costs stated in the 2nd attachment & wondering what the equiv for a GHS \u2013 USD transaction would be using the rates in the 1st attachment? Simple: changing $10m into cedis & buying $ again will cost u $3.46m. Far higher than Indonesia’s figure above.<\/p>\n\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\nHe stressed \u201cThe most intriguing thing about this trend, if it continues, is: speculation becomes super-risky (if u sell, u will struggle to buy). This reduces turnover & suppress liquidity further reinforcing the trend. Which effect will then predominate: low speculation or low liquidity?\u201d<\/p>\n\n4\/The most intriguing thing about this trend, if it continues, is: speculation becomes super-risky (if u sell, u will struggle to buy). This reduces turnover & suppress liquidity further reinforcing the trend. Which effect will then predominate: low speculation or low liquidity?<\/p>\n\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\nThe Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye also said the Cedi\u2019s improved performance against the Dollar is largely due to reduction in speculations in the financial market.<\/p>\nThe Cedi has over the past few days, especially since the start of December 2022, been gaining strength against the major trading currencies particularly, the Dollar.<\/p>\nPer the Bank of Ghana (BoG) rate, the Cedi, as of Thursday December 15, was buying at GHS7.9975 to a Dollar and and selling at GHS8.0056 to a Dollar.<\/p>\n\nBank of Ghana Exchange Rates pic.twitter.com\/HREBnMQezt<\/a><\/p>\n\u2014 Bank of Ghana (@thebankofghana) December 16, 2022<\/a><\/p>\n<\/blockquote>\nDr Kwakye asked the government to act immediately to consolidate the gains made.<\/p>\nIn a tweet, he said \u201cUnless the cedi is backed by improved economic fundamentals, its stability will not last. The current stability is riding only on the back of reduced speculation.\u201d<\/p>\nHe added \u201cThe cedi appreciation is a correction to largely speculation-fueled depreciation. However, the extreme volatility in the exchange rate is not good for the economy.\u201d<\/p>\n<\/iframe><\/p>\n<p>\u00a0<\/p>\n<p>\u201cThe question is how long will the cedi stability last? We have been here before. The way to ensure lasting cedi stability is to address the economy\u2019s structural weaknesses while building strong financial buffers,\u201d Dr Kwakye further stated.<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The most intriguing thing about the trend\u00a0 of the Cedi\u2019s strength against the Dollar is that if it continues like this speculation will becomes super-risk, that is if one sells or buys, Vice President of Imani Africa Mr Bright Simons has said. This reduces turnover and suppress liquidity further reinforcing the trend, which effect will […]<\/p>\n","protected":false},"author":1,"featured_media":1265913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[6527,672,5411,2994,8741,26524,29847,4605],"class_list":["post-1265912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bright","tag-cedi","tag-continues","tag-gain","tag-simons","tag-speculation","tag-superrisky","tag-trend"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912","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=1265912"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1265912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1265912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1265912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
This reduces turnover and suppress liquidity further reinforcing the trend, which effect will then predominate, he further stated.<\/p>\n
In a tweet on Friday December 16, he said he made a bit more progress in his effort to understand \u201cthe fascinating surge of the Ghana Cedi against the dollar\u201d.<\/p>\n
\u201cI noticed massive buy-sell (bid-offer) spreads of up to 35% in places. This shows that volatility is coupled with low liquidity. Brokers want to buy cheap,\u201d he said.<\/p>\n
\n1\/Today, I made a bit more progress in my effort to understand the fascinating surge of the Ghana Cedi against the dollar. I noticed massive buy-sell (bid-offer) spreads of up to 35% in places. This shows that volatility is coupled with low liquidity. Brokers want to buy cheap. pic.twitter.com\/y8ddF71WL7<\/a><\/p>\n\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\n\u00a0<\/p>\n\u201cLooking at the round-trip costs stated in the 2nd attachment & wondering what the equivalent for a GHS \u2013 USD transaction would be using the rates in the 1st attachment? Simple: changing $10m into cedis & buying $ again will cost u $3.46m. Far higher than Indonesia\u2019s figure above.\u201d<\/p>\n\n3\/Looking at the round-trip costs stated in the 2nd attachment & wondering what the equiv for a GHS \u2013 USD transaction would be using the rates in the 1st attachment? Simple: changing $10m into cedis & buying $ again will cost u $3.46m. Far higher than Indonesia’s figure above.<\/p>\n\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\nHe stressed \u201cThe most intriguing thing about this trend, if it continues, is: speculation becomes super-risky (if u sell, u will struggle to buy). This reduces turnover & suppress liquidity further reinforcing the trend. Which effect will then predominate: low speculation or low liquidity?\u201d<\/p>\n\n4\/The most intriguing thing about this trend, if it continues, is: speculation becomes super-risky (if u sell, u will struggle to buy). This reduces turnover & suppress liquidity further reinforcing the trend. Which effect will then predominate: low speculation or low liquidity?<\/p>\n\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\nThe Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye also said the Cedi\u2019s improved performance against the Dollar is largely due to reduction in speculations in the financial market.<\/p>\nThe Cedi has over the past few days, especially since the start of December 2022, been gaining strength against the major trading currencies particularly, the Dollar.<\/p>\nPer the Bank of Ghana (BoG) rate, the Cedi, as of Thursday December 15, was buying at GHS7.9975 to a Dollar and and selling at GHS8.0056 to a Dollar.<\/p>\n\nBank of Ghana Exchange Rates pic.twitter.com\/HREBnMQezt<\/a><\/p>\n\u2014 Bank of Ghana (@thebankofghana) December 16, 2022<\/a><\/p>\n<\/blockquote>\nDr Kwakye asked the government to act immediately to consolidate the gains made.<\/p>\nIn a tweet, he said \u201cUnless the cedi is backed by improved economic fundamentals, its stability will not last. The current stability is riding only on the back of reduced speculation.\u201d<\/p>\nHe added \u201cThe cedi appreciation is a correction to largely speculation-fueled depreciation. However, the extreme volatility in the exchange rate is not good for the economy.\u201d<\/p>\n<\/iframe><\/p>\n<p>\u00a0<\/p>\n<p>\u201cThe question is how long will the cedi stability last? We have been here before. The way to ensure lasting cedi stability is to address the economy\u2019s structural weaknesses while building strong financial buffers,\u201d Dr Kwakye further stated.<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The most intriguing thing about the trend\u00a0 of the Cedi\u2019s strength against the Dollar is that if it continues like this speculation will becomes super-risk, that is if one sells or buys, Vice President of Imani Africa Mr Bright Simons has said. This reduces turnover and suppress liquidity further reinforcing the trend, which effect will […]<\/p>\n","protected":false},"author":1,"featured_media":1265913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[6527,672,5411,2994,8741,26524,29847,4605],"class_list":["post-1265912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bright","tag-cedi","tag-continues","tag-gain","tag-simons","tag-speculation","tag-superrisky","tag-trend"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912","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=1265912"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1265912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1265912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1265912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
1\/Today, I made a bit more progress in my effort to understand the fascinating surge of the Ghana Cedi against the dollar. I noticed massive buy-sell (bid-offer) spreads of up to 35% in places. This shows that volatility is coupled with low liquidity. Brokers want to buy cheap. pic.twitter.com\/y8ddF71WL7<\/a><\/p>\n\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\n\u00a0<\/p>\n\u201cLooking at the round-trip costs stated in the 2nd attachment & wondering what the equivalent for a GHS \u2013 USD transaction would be using the rates in the 1st attachment? Simple: changing $10m into cedis & buying $ again will cost u $3.46m. Far higher than Indonesia\u2019s figure above.\u201d<\/p>\n\n3\/Looking at the round-trip costs stated in the 2nd attachment & wondering what the equiv for a GHS \u2013 USD transaction would be using the rates in the 1st attachment? Simple: changing $10m into cedis & buying $ again will cost u $3.46m. Far higher than Indonesia’s figure above.<\/p>\n\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\nHe stressed \u201cThe most intriguing thing about this trend, if it continues, is: speculation becomes super-risky (if u sell, u will struggle to buy). This reduces turnover & suppress liquidity further reinforcing the trend. Which effect will then predominate: low speculation or low liquidity?\u201d<\/p>\n\n4\/The most intriguing thing about this trend, if it continues, is: speculation becomes super-risky (if u sell, u will struggle to buy). This reduces turnover & suppress liquidity further reinforcing the trend. Which effect will then predominate: low speculation or low liquidity?<\/p>\n\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\nThe Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye also said the Cedi\u2019s improved performance against the Dollar is largely due to reduction in speculations in the financial market.<\/p>\nThe Cedi has over the past few days, especially since the start of December 2022, been gaining strength against the major trading currencies particularly, the Dollar.<\/p>\nPer the Bank of Ghana (BoG) rate, the Cedi, as of Thursday December 15, was buying at GHS7.9975 to a Dollar and and selling at GHS8.0056 to a Dollar.<\/p>\n\nBank of Ghana Exchange Rates pic.twitter.com\/HREBnMQezt<\/a><\/p>\n\u2014 Bank of Ghana (@thebankofghana) December 16, 2022<\/a><\/p>\n<\/blockquote>\nDr Kwakye asked the government to act immediately to consolidate the gains made.<\/p>\nIn a tweet, he said \u201cUnless the cedi is backed by improved economic fundamentals, its stability will not last. The current stability is riding only on the back of reduced speculation.\u201d<\/p>\nHe added \u201cThe cedi appreciation is a correction to largely speculation-fueled depreciation. However, the extreme volatility in the exchange rate is not good for the economy.\u201d<\/p>\n<\/iframe><\/p>\n<p>\u00a0<\/p>\n<p>\u201cThe question is how long will the cedi stability last? We have been here before. The way to ensure lasting cedi stability is to address the economy\u2019s structural weaknesses while building strong financial buffers,\u201d Dr Kwakye further stated.<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The most intriguing thing about the trend\u00a0 of the Cedi\u2019s strength against the Dollar is that if it continues like this speculation will becomes super-risk, that is if one sells or buys, Vice President of Imani Africa Mr Bright Simons has said. This reduces turnover and suppress liquidity further reinforcing the trend, which effect will […]<\/p>\n","protected":false},"author":1,"featured_media":1265913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[6527,672,5411,2994,8741,26524,29847,4605],"class_list":["post-1265912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bright","tag-cedi","tag-continues","tag-gain","tag-simons","tag-speculation","tag-superrisky","tag-trend"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912","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=1265912"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1265912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1265912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1265912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\n\u00a0<\/p>\n\u201cLooking at the round-trip costs stated in the 2nd attachment & wondering what the equivalent for a GHS \u2013 USD transaction would be using the rates in the 1st attachment? Simple: changing $10m into cedis & buying $ again will cost u $3.46m. Far higher than Indonesia\u2019s figure above.\u201d<\/p>\n\n3\/Looking at the round-trip costs stated in the 2nd attachment & wondering what the equiv for a GHS \u2013 USD transaction would be using the rates in the 1st attachment? Simple: changing $10m into cedis & buying $ again will cost u $3.46m. Far higher than Indonesia’s figure above.<\/p>\n\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\nHe stressed \u201cThe most intriguing thing about this trend, if it continues, is: speculation becomes super-risky (if u sell, u will struggle to buy). This reduces turnover & suppress liquidity further reinforcing the trend. Which effect will then predominate: low speculation or low liquidity?\u201d<\/p>\n\n4\/The most intriguing thing about this trend, if it continues, is: speculation becomes super-risky (if u sell, u will struggle to buy). This reduces turnover & suppress liquidity further reinforcing the trend. Which effect will then predominate: low speculation or low liquidity?<\/p>\n\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\nThe Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye also said the Cedi\u2019s improved performance against the Dollar is largely due to reduction in speculations in the financial market.<\/p>\nThe Cedi has over the past few days, especially since the start of December 2022, been gaining strength against the major trading currencies particularly, the Dollar.<\/p>\nPer the Bank of Ghana (BoG) rate, the Cedi, as of Thursday December 15, was buying at GHS7.9975 to a Dollar and and selling at GHS8.0056 to a Dollar.<\/p>\n\nBank of Ghana Exchange Rates pic.twitter.com\/HREBnMQezt<\/a><\/p>\n\u2014 Bank of Ghana (@thebankofghana) December 16, 2022<\/a><\/p>\n<\/blockquote>\nDr Kwakye asked the government to act immediately to consolidate the gains made.<\/p>\nIn a tweet, he said \u201cUnless the cedi is backed by improved economic fundamentals, its stability will not last. The current stability is riding only on the back of reduced speculation.\u201d<\/p>\nHe added \u201cThe cedi appreciation is a correction to largely speculation-fueled depreciation. However, the extreme volatility in the exchange rate is not good for the economy.\u201d<\/p>\n<\/iframe><\/p>\n<p>\u00a0<\/p>\n<p>\u201cThe question is how long will the cedi stability last? We have been here before. The way to ensure lasting cedi stability is to address the economy\u2019s structural weaknesses while building strong financial buffers,\u201d Dr Kwakye further stated.<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The most intriguing thing about the trend\u00a0 of the Cedi\u2019s strength against the Dollar is that if it continues like this speculation will becomes super-risk, that is if one sells or buys, Vice President of Imani Africa Mr Bright Simons has said. This reduces turnover and suppress liquidity further reinforcing the trend, which effect will […]<\/p>\n","protected":false},"author":1,"featured_media":1265913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[6527,672,5411,2994,8741,26524,29847,4605],"class_list":["post-1265912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bright","tag-cedi","tag-continues","tag-gain","tag-simons","tag-speculation","tag-superrisky","tag-trend"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912","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=1265912"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1265912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1265912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1265912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u00a0<\/p>\n
\u201cLooking at the round-trip costs stated in the 2nd attachment & wondering what the equivalent for a GHS \u2013 USD transaction would be using the rates in the 1st attachment? Simple: changing $10m into cedis & buying $ again will cost u $3.46m. Far higher than Indonesia\u2019s figure above.\u201d<\/p>\n
\n3\/Looking at the round-trip costs stated in the 2nd attachment & wondering what the equiv for a GHS \u2013 USD transaction would be using the rates in the 1st attachment? Simple: changing $10m into cedis & buying $ again will cost u $3.46m. Far higher than Indonesia’s figure above.<\/p>\n\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\nHe stressed \u201cThe most intriguing thing about this trend, if it continues, is: speculation becomes super-risky (if u sell, u will struggle to buy). This reduces turnover & suppress liquidity further reinforcing the trend. Which effect will then predominate: low speculation or low liquidity?\u201d<\/p>\n\n4\/The most intriguing thing about this trend, if it continues, is: speculation becomes super-risky (if u sell, u will struggle to buy). This reduces turnover & suppress liquidity further reinforcing the trend. Which effect will then predominate: low speculation or low liquidity?<\/p>\n\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\nThe Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye also said the Cedi\u2019s improved performance against the Dollar is largely due to reduction in speculations in the financial market.<\/p>\nThe Cedi has over the past few days, especially since the start of December 2022, been gaining strength against the major trading currencies particularly, the Dollar.<\/p>\nPer the Bank of Ghana (BoG) rate, the Cedi, as of Thursday December 15, was buying at GHS7.9975 to a Dollar and and selling at GHS8.0056 to a Dollar.<\/p>\n\nBank of Ghana Exchange Rates pic.twitter.com\/HREBnMQezt<\/a><\/p>\n\u2014 Bank of Ghana (@thebankofghana) December 16, 2022<\/a><\/p>\n<\/blockquote>\nDr Kwakye asked the government to act immediately to consolidate the gains made.<\/p>\nIn a tweet, he said \u201cUnless the cedi is backed by improved economic fundamentals, its stability will not last. The current stability is riding only on the back of reduced speculation.\u201d<\/p>\nHe added \u201cThe cedi appreciation is a correction to largely speculation-fueled depreciation. However, the extreme volatility in the exchange rate is not good for the economy.\u201d<\/p>\n<\/iframe><\/p>\n<p>\u00a0<\/p>\n<p>\u201cThe question is how long will the cedi stability last? We have been here before. The way to ensure lasting cedi stability is to address the economy\u2019s structural weaknesses while building strong financial buffers,\u201d Dr Kwakye further stated.<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The most intriguing thing about the trend\u00a0 of the Cedi\u2019s strength against the Dollar is that if it continues like this speculation will becomes super-risk, that is if one sells or buys, Vice President of Imani Africa Mr Bright Simons has said. This reduces turnover and suppress liquidity further reinforcing the trend, which effect will […]<\/p>\n","protected":false},"author":1,"featured_media":1265913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[6527,672,5411,2994,8741,26524,29847,4605],"class_list":["post-1265912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bright","tag-cedi","tag-continues","tag-gain","tag-simons","tag-speculation","tag-superrisky","tag-trend"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912","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=1265912"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1265912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1265912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1265912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
3\/Looking at the round-trip costs stated in the 2nd attachment & wondering what the equiv for a GHS \u2013 USD transaction would be using the rates in the 1st attachment? Simple: changing $10m into cedis & buying $ again will cost u $3.46m. Far higher than Indonesia’s figure above.<\/p>\n
\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\nHe stressed \u201cThe most intriguing thing about this trend, if it continues, is: speculation becomes super-risky (if u sell, u will struggle to buy). This reduces turnover & suppress liquidity further reinforcing the trend. Which effect will then predominate: low speculation or low liquidity?\u201d<\/p>\n\n4\/The most intriguing thing about this trend, if it continues, is: speculation becomes super-risky (if u sell, u will struggle to buy). This reduces turnover & suppress liquidity further reinforcing the trend. Which effect will then predominate: low speculation or low liquidity?<\/p>\n\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\nThe Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye also said the Cedi\u2019s improved performance against the Dollar is largely due to reduction in speculations in the financial market.<\/p>\nThe Cedi has over the past few days, especially since the start of December 2022, been gaining strength against the major trading currencies particularly, the Dollar.<\/p>\nPer the Bank of Ghana (BoG) rate, the Cedi, as of Thursday December 15, was buying at GHS7.9975 to a Dollar and and selling at GHS8.0056 to a Dollar.<\/p>\n\nBank of Ghana Exchange Rates pic.twitter.com\/HREBnMQezt<\/a><\/p>\n\u2014 Bank of Ghana (@thebankofghana) December 16, 2022<\/a><\/p>\n<\/blockquote>\nDr Kwakye asked the government to act immediately to consolidate the gains made.<\/p>\nIn a tweet, he said \u201cUnless the cedi is backed by improved economic fundamentals, its stability will not last. The current stability is riding only on the back of reduced speculation.\u201d<\/p>\nHe added \u201cThe cedi appreciation is a correction to largely speculation-fueled depreciation. However, the extreme volatility in the exchange rate is not good for the economy.\u201d<\/p>\n<\/iframe><\/p>\n<p>\u00a0<\/p>\n<p>\u201cThe question is how long will the cedi stability last? We have been here before. The way to ensure lasting cedi stability is to address the economy\u2019s structural weaknesses while building strong financial buffers,\u201d Dr Kwakye further stated.<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The most intriguing thing about the trend\u00a0 of the Cedi\u2019s strength against the Dollar is that if it continues like this speculation will becomes super-risk, that is if one sells or buys, Vice President of Imani Africa Mr Bright Simons has said. This reduces turnover and suppress liquidity further reinforcing the trend, which effect will […]<\/p>\n","protected":false},"author":1,"featured_media":1265913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[6527,672,5411,2994,8741,26524,29847,4605],"class_list":["post-1265912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bright","tag-cedi","tag-continues","tag-gain","tag-simons","tag-speculation","tag-superrisky","tag-trend"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912","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=1265912"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1265912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1265912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1265912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
He stressed \u201cThe most intriguing thing about this trend, if it continues, is: speculation becomes super-risky (if u sell, u will struggle to buy). This reduces turnover & suppress liquidity further reinforcing the trend. Which effect will then predominate: low speculation or low liquidity?\u201d<\/p>\n
\n4\/The most intriguing thing about this trend, if it continues, is: speculation becomes super-risky (if u sell, u will struggle to buy). This reduces turnover & suppress liquidity further reinforcing the trend. Which effect will then predominate: low speculation or low liquidity?<\/p>\n\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\nThe Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye also said the Cedi\u2019s improved performance against the Dollar is largely due to reduction in speculations in the financial market.<\/p>\nThe Cedi has over the past few days, especially since the start of December 2022, been gaining strength against the major trading currencies particularly, the Dollar.<\/p>\nPer the Bank of Ghana (BoG) rate, the Cedi, as of Thursday December 15, was buying at GHS7.9975 to a Dollar and and selling at GHS8.0056 to a Dollar.<\/p>\n\nBank of Ghana Exchange Rates pic.twitter.com\/HREBnMQezt<\/a><\/p>\n\u2014 Bank of Ghana (@thebankofghana) December 16, 2022<\/a><\/p>\n<\/blockquote>\nDr Kwakye asked the government to act immediately to consolidate the gains made.<\/p>\nIn a tweet, he said \u201cUnless the cedi is backed by improved economic fundamentals, its stability will not last. The current stability is riding only on the back of reduced speculation.\u201d<\/p>\nHe added \u201cThe cedi appreciation is a correction to largely speculation-fueled depreciation. However, the extreme volatility in the exchange rate is not good for the economy.\u201d<\/p>\n<\/iframe><\/p>\n<p>\u00a0<\/p>\n<p>\u201cThe question is how long will the cedi stability last? We have been here before. The way to ensure lasting cedi stability is to address the economy\u2019s structural weaknesses while building strong financial buffers,\u201d Dr Kwakye further stated.<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The most intriguing thing about the trend\u00a0 of the Cedi\u2019s strength against the Dollar is that if it continues like this speculation will becomes super-risk, that is if one sells or buys, Vice President of Imani Africa Mr Bright Simons has said. This reduces turnover and suppress liquidity further reinforcing the trend, which effect will […]<\/p>\n","protected":false},"author":1,"featured_media":1265913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[6527,672,5411,2994,8741,26524,29847,4605],"class_list":["post-1265912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bright","tag-cedi","tag-continues","tag-gain","tag-simons","tag-speculation","tag-superrisky","tag-trend"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912","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=1265912"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1265912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1265912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1265912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
4\/The most intriguing thing about this trend, if it continues, is: speculation becomes super-risky (if u sell, u will struggle to buy). This reduces turnover & suppress liquidity further reinforcing the trend. Which effect will then predominate: low speculation or low liquidity?<\/p>\n
\u2014 Bright Simons (@BBSimons) December 16, 2022<\/a><\/p>\n<\/blockquote>\nThe Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye also said the Cedi\u2019s improved performance against the Dollar is largely due to reduction in speculations in the financial market.<\/p>\nThe Cedi has over the past few days, especially since the start of December 2022, been gaining strength against the major trading currencies particularly, the Dollar.<\/p>\nPer the Bank of Ghana (BoG) rate, the Cedi, as of Thursday December 15, was buying at GHS7.9975 to a Dollar and and selling at GHS8.0056 to a Dollar.<\/p>\n\nBank of Ghana Exchange Rates pic.twitter.com\/HREBnMQezt<\/a><\/p>\n\u2014 Bank of Ghana (@thebankofghana) December 16, 2022<\/a><\/p>\n<\/blockquote>\nDr Kwakye asked the government to act immediately to consolidate the gains made.<\/p>\nIn a tweet, he said \u201cUnless the cedi is backed by improved economic fundamentals, its stability will not last. The current stability is riding only on the back of reduced speculation.\u201d<\/p>\nHe added \u201cThe cedi appreciation is a correction to largely speculation-fueled depreciation. However, the extreme volatility in the exchange rate is not good for the economy.\u201d<\/p>\n<\/iframe><\/p>\n<p>\u00a0<\/p>\n<p>\u201cThe question is how long will the cedi stability last? We have been here before. The way to ensure lasting cedi stability is to address the economy\u2019s structural weaknesses while building strong financial buffers,\u201d Dr Kwakye further stated.<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The most intriguing thing about the trend\u00a0 of the Cedi\u2019s strength against the Dollar is that if it continues like this speculation will becomes super-risk, that is if one sells or buys, Vice President of Imani Africa Mr Bright Simons has said. This reduces turnover and suppress liquidity further reinforcing the trend, which effect will […]<\/p>\n","protected":false},"author":1,"featured_media":1265913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[6527,672,5411,2994,8741,26524,29847,4605],"class_list":["post-1265912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bright","tag-cedi","tag-continues","tag-gain","tag-simons","tag-speculation","tag-superrisky","tag-trend"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912","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=1265912"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1265912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1265912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1265912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
The Director of Research at the Institute of Economic Affairs (IEA) Dr John Kwakye also said the Cedi\u2019s improved performance against the Dollar is largely due to reduction in speculations in the financial market.<\/p>\n
The Cedi has over the past few days, especially since the start of December 2022, been gaining strength against the major trading currencies particularly, the Dollar.<\/p>\n
Per the Bank of Ghana (BoG) rate, the Cedi, as of Thursday December 15, was buying at GHS7.9975 to a Dollar and and selling at GHS8.0056 to a Dollar.<\/p>\n
\nBank of Ghana Exchange Rates pic.twitter.com\/HREBnMQezt<\/a><\/p>\n\u2014 Bank of Ghana (@thebankofghana) December 16, 2022<\/a><\/p>\n<\/blockquote>\nDr Kwakye asked the government to act immediately to consolidate the gains made.<\/p>\nIn a tweet, he said \u201cUnless the cedi is backed by improved economic fundamentals, its stability will not last. The current stability is riding only on the back of reduced speculation.\u201d<\/p>\nHe added \u201cThe cedi appreciation is a correction to largely speculation-fueled depreciation. However, the extreme volatility in the exchange rate is not good for the economy.\u201d<\/p>\n<\/iframe><\/p>\n<p>\u00a0<\/p>\n<p>\u201cThe question is how long will the cedi stability last? We have been here before. The way to ensure lasting cedi stability is to address the economy\u2019s structural weaknesses while building strong financial buffers,\u201d Dr Kwakye further stated.<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The most intriguing thing about the trend\u00a0 of the Cedi\u2019s strength against the Dollar is that if it continues like this speculation will becomes super-risk, that is if one sells or buys, Vice President of Imani Africa Mr Bright Simons has said. This reduces turnover and suppress liquidity further reinforcing the trend, which effect will […]<\/p>\n","protected":false},"author":1,"featured_media":1265913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[6527,672,5411,2994,8741,26524,29847,4605],"class_list":["post-1265912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bright","tag-cedi","tag-continues","tag-gain","tag-simons","tag-speculation","tag-superrisky","tag-trend"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912","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=1265912"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1265912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1265912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1265912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Bank of Ghana Exchange Rates pic.twitter.com\/HREBnMQezt<\/a><\/p>\n\u2014 Bank of Ghana (@thebankofghana) December 16, 2022<\/a><\/p>\n<\/blockquote>\nDr Kwakye asked the government to act immediately to consolidate the gains made.<\/p>\nIn a tweet, he said \u201cUnless the cedi is backed by improved economic fundamentals, its stability will not last. The current stability is riding only on the back of reduced speculation.\u201d<\/p>\nHe added \u201cThe cedi appreciation is a correction to largely speculation-fueled depreciation. However, the extreme volatility in the exchange rate is not good for the economy.\u201d<\/p>\n<\/iframe><\/p>\n<p>\u00a0<\/p>\n<p>\u201cThe question is how long will the cedi stability last? We have been here before. The way to ensure lasting cedi stability is to address the economy\u2019s structural weaknesses while building strong financial buffers,\u201d Dr Kwakye further stated.<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The most intriguing thing about the trend\u00a0 of the Cedi\u2019s strength against the Dollar is that if it continues like this speculation will becomes super-risk, that is if one sells or buys, Vice President of Imani Africa Mr Bright Simons has said. This reduces turnover and suppress liquidity further reinforcing the trend, which effect will […]<\/p>\n","protected":false},"author":1,"featured_media":1265913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[6527,672,5411,2994,8741,26524,29847,4605],"class_list":["post-1265912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bright","tag-cedi","tag-continues","tag-gain","tag-simons","tag-speculation","tag-superrisky","tag-trend"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912","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=1265912"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1265912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1265912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1265912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u2014 Bank of Ghana (@thebankofghana) December 16, 2022<\/a><\/p>\n<\/blockquote>\nDr Kwakye asked the government to act immediately to consolidate the gains made.<\/p>\nIn a tweet, he said \u201cUnless the cedi is backed by improved economic fundamentals, its stability will not last. The current stability is riding only on the back of reduced speculation.\u201d<\/p>\nHe added \u201cThe cedi appreciation is a correction to largely speculation-fueled depreciation. However, the extreme volatility in the exchange rate is not good for the economy.\u201d<\/p>\n<\/iframe><\/p>\n<p>\u00a0<\/p>\n<p>\u201cThe question is how long will the cedi stability last? We have been here before. The way to ensure lasting cedi stability is to address the economy\u2019s structural weaknesses while building strong financial buffers,\u201d Dr Kwakye further stated.<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The most intriguing thing about the trend\u00a0 of the Cedi\u2019s strength against the Dollar is that if it continues like this speculation will becomes super-risk, that is if one sells or buys, Vice President of Imani Africa Mr Bright Simons has said. This reduces turnover and suppress liquidity further reinforcing the trend, which effect will […]<\/p>\n","protected":false},"author":1,"featured_media":1265913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[6527,672,5411,2994,8741,26524,29847,4605],"class_list":["post-1265912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bright","tag-cedi","tag-continues","tag-gain","tag-simons","tag-speculation","tag-superrisky","tag-trend"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912","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=1265912"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1265912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1265912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1265912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Dr Kwakye asked the government to act immediately to consolidate the gains made.<\/p>\n
In a tweet, he said \u201cUnless the cedi is backed by improved economic fundamentals, its stability will not last. The current stability is riding only on the back of reduced speculation.\u201d<\/p>\n
He added \u201cThe cedi appreciation is a correction to largely speculation-fueled depreciation. However, the extreme volatility in the exchange rate is not good for the economy.\u201d<\/p>\n
<\/iframe><\/p>\n<p>\u00a0<\/p>\n<p>\u201cThe question is how long will the cedi stability last? We have been here before. The way to ensure lasting cedi stability is to address the economy\u2019s structural weaknesses while building strong financial buffers,\u201d Dr Kwakye further stated.<\/p>\n<p><strong>By Laud Nartey|3news.com|Ghana<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The most intriguing thing about the trend\u00a0 of the Cedi\u2019s strength against the Dollar is that if it continues like this speculation will becomes super-risk, that is if one sells or buys, Vice President of Imani Africa Mr Bright Simons has said. This reduces turnover and suppress liquidity further reinforcing the trend, which effect will […]<\/p>\n","protected":false},"author":1,"featured_media":1265913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[6527,672,5411,2994,8741,26524,29847,4605],"class_list":["post-1265912","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-bright","tag-cedi","tag-continues","tag-gain","tag-simons","tag-speculation","tag-superrisky","tag-trend"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912","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=1265912"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1265912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1265912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1265912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1265912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/12\/Bright-Simons3-696x464.jpg\" "\\"Bright-Simons3\\"\/")