\n
The Minister for Finance, Dr. Amin Adam, has made a bold prediction that the Ghana Cedi will make a comeback against the United States dollar, following the recent depreciation of the local currency against other major trading currencies.<\/p>\n
The minister, who also serves as the Member of\u00a0Parliament\u00a0for Karaga, made the proclamation when he announced the completion of the government\u2019s debt restructuring program with its official creditors.<\/p>\n
According to the minister, the successfully restructured debt of 5.1 billion dollars with these creditors, in addition to the concluded restructuring of 13.1 billion dollars with Eurobond holders, puts the nation on the path of economic confidence, which will attract investors into the local economy to boost the strength of the cedi.<\/p>\n
\u201cWatch the cedi to the dollar after tomorrow. Let\u2019s watch it and see; the confidence will come,\u201d he stated.<\/p>\n
\u201cThe investors will return to Ghana, and the growth trajectory will even become clearer for all of us,\u201d Dr. Amin Adam added.<\/p>\n
The minister was speaking at a town hall meeting held in the UK over the weekend.<\/p>\n
Touting the superiority in the management of the economy by the current\u00a0New Patriotic Party\u00a0(NPP), Dr. Adam expressed confidence in the party\u2019s ability to win the 2024 general elections against the opposition\u00a0National Democratic Congress\u00a0(NDC).<\/p>\n
\u201cOn the economy, our record is better than their record. On the size of the economy, we\u2019ve done better than them. On per capita income, we\u2019ve done better than them. On job creation, we\u2019ve done better than them. On economic growth, we\u2019ve done better than them,\u201d the minister said.<\/p>\n
GA<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
The Minister for Finance, Dr. Amin Adam, has made a bold prediction that the Ghana Cedi will make a comeback against the United States dollar, following the recent depreciation of the local currency against other major trading currencies. The minister, who also serves as the Member of\u00a0Parliament\u00a0for Karaga, made the proclamation when he announced the […]<\/p>\n","protected":false},"author":1,"featured_media":192975,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-192974","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
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