Tag: FX Developments Committee
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Annerquaye Abbey writes: Why the cedi’s appreciation is good for Ghana’s public debt
The cedi’s battle against the US dollar has always been one-sided – with the local currency’s struggles well documented. It is almost certain that any news report on the cedi has always focused on how much of its value it has lost against the US dollar, occasionally interspersed with bouts of positive performance. Although the…
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FX Developments Committee is wrong approach — Kwame Pianim
Government’s attempt to get hold of the country’s overall foreign exchange regime through the set up of the Foreign Exchange Developments Committee has been described by economist, Kwame Pianim, as a wrong approach that needs a rethinking. The celebrated economist and investment consultant in an interview with Citi News said while the structure of the…
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6 things to know about the FX Developments Committee
On Thursday, January 16, 2020, a Deputy Finance Minister, Charles Adu Boahen, inaugurated a 38-member committee christened the Foreign Exchange Developments Committee with the task of reviewing the existing forex regime, and come up with workable solutions to foster a stable exchange regime. The Committee, which held its first meeting right after it was inaugurated,…
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Full list of members on committee to ‘investigate’ cedi depreciation
The Finance Ministry last Friday inaugurated a committee to look into the causes of the depreciation of the cedi and propose solutions to the problem. The establishment of the committee, named the FX Developments Committee, is a fulfillment of a promise made by the ministry last year to constitute a bi-partisan committee to look into…