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Friday, May 30, 2025

$1:GHC1 exchange rate will collapse Ghana’s export sector

President John Dramani Mahama has indicated that his government does not aim to achieve an exchange rate where the value of the dollar can be equated to the cedi.
Speaking at a high-level presidential session at the 60th Annual Meeting of the African Development Bank (AfDB) and the 51st Annual Meeting of the African Development Fund (ADF) in Abidjan, the Ghanaians president shared the adverse effect such a rate could have on the economy.
The president explained that the Ghanaian economy would risk losing a significant

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