{"id":1267174,"date":"2022-12-18T17:17:57","date_gmt":"2022-12-18T17:17:57","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/12\/18\/its-too-early-to-jubilate-over-cedi-gains-economist-tells-govt-appointees\/"},"modified":"2022-12-18T17:17:57","modified_gmt":"2022-12-18T17:17:57","slug":"its-too-early-to-jubilate-over-cedi-gains-economist-tells-govt-appointees","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/12\/18\/its-too-early-to-jubilate-over-cedi-gains-economist-tells-govt-appointees\/","title":{"rendered":"It\u2019s Too Early To Jubilate Over Cedi Gains &#8211; Economist Tells Gov\u2019t Appointees"},"content":{"rendered":"<p><\/p>\n<div>\n<article>\n<p><strong style=\"background-color: transparent;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/12\/d73df89d0ca04eb08bec90768ffbe45e\" height=\"478\" width=\"600\"\/><\/strong><\/p>\n<p><strong style=\"background-color: transparent;\">Chartered Economist Emmanuel Amoah Darkwa has advised Ghanaians against jubilating over the appreciation of the Cedi against other foreign currencies, saying it is too early.<\/strong><\/p>\n<p><span style=\"background-color: transparent;\">The Ghanaian cedi is currently trading 8 cedis to the US dollar according to the Bank of Ghana<\/span><\/p>\n<p><span style=\"background-color: transparent;\">Many Ghanaians,  some government appointees, have taken to social media to jubilate over the recent gains of the cedi<\/span><\/p>\n<p><span style=\"background-color: transparent;\">However, Mr Darkwa says Ghanaians should not get overly excited about the appreciation of the cedi as the situation may change soon.<\/span><\/p>\n<p><span style=\"background-color: transparent;\">He explained that the Cedi could only be stable if the Government implemented measures such as reducing importation of basic commodities into the country.<\/span><\/p>\n<p><span style=\"background-color: transparent;\">&#8220;The demand for the dollar has reduced whereas crude oil has been reducing and these are some of the external factors but domestically, the Bank of Ghana introduced a policy that it would not support the importation of rice and other commodities, we can produce in Ghana.\u00a0<\/span><\/p>\n<p><span style=\"background-color: transparent;\">\u201cIn addition, the demand for the dollar to import has decreased. The regulatory side against the black market is on track\u201d, he said.<\/span><\/p>\n<p>Content created and supplied by: Kritiq (via  Opera<br \/>\nNews )<\/p>\n<\/article>\n<p class=\"copyright hide\">\n<span class=\"content\">    ,  .   ,     .       () , , , , , , , , .      \/ ,  and\/or  .     ,  , and\/or  ,      and\/or     <\/span><br \/>\n<span class=\"see-more\"><\/span>\n<\/p>\n<section class=\"tags\">\nCedi<br \/>\nCedi Gains<br \/>\nDarkwa<br \/>\nEmmanuel Amoah Darkwa<br \/>\nGhanaian<br \/>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Chartered Economist Emmanuel Amoah Darkwa has advised Ghanaians against jubilating over the appreciation of the Cedi against other foreign currencies, saying it is too early. The Ghanaian cedi is currently trading 8 cedis to the US dollar according to the Bank of Ghana Many Ghanaians, some government appointees, have taken to social media to jubilate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1267175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[6581,672,1009,2470,1925,225,8827,700],"class_list":["post-1267174","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-stories","tag-appointees","tag-cedi","tag-early","tag-economist","tag-gains","tag-govt","tag-jubilate","tag-tells"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1267174","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=1267174"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1267174\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1267174"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1267174"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1267174"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}