Finance Lecturer at UG Business School, Prof. Lord Mensah
An Economist at the University of Ghana Business School, Prof. Lord Mensah has proffered a solution to deal with the speculation of high rates of the Cedi to the dollar.
Prof. Lord Mensah wants the Central Bank to control the circulation of the dollar as part of measures to control the Cedi’s depreciation.
His suggestion comes in the wake of an imminent meeting by the Governor of the Central Bank with all managers of banks and operators of forex bureaux to address the depreciation of the cedi.
Speaking on Top Story, Monday, the Economist explained that the economy’s structure, particularly the low productivity, the incoming Christmas festivities and the speculations around the Cedi to dollar rate has accounted for the surge in the local currency’s depreciation.
“With the speculation, mostly you can curb it by controlling the circulation of whatever commodity i.e. I am…
