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Wednesday, December 31, 2025

COPEC sounds alarm as cedi slips after black market crackdown

The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has urged the Bank of Ghana (BoG) to intervene urgently to stabilise the forex market following the recent crackdown on black market dealers.

He said the operation triggered sharp increases in exchange rates within hours, warning that fuel prices could rise if the situation is not corrected quickly.

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