President Akufo-Addo orders probe into cedi depreciation
President Nana Addo Dankwa Akufo-Addo has instructed the Finance Minister to put a team together to probe the depreciation of the cedi against the dollar and other currencies.
The committee which is expected to be bi-partisan is expected to start work immediately to unravel the actual cause of the cedi’s instability.
The finance minister made this known while speaking on the floor of Parliament.
Source: UGC
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“Mr. Speaker, the president has directed that I investigate the structural causes for the depreciation of the cedi and to propose measures to address the situation. The government and I will put a bi-partisan committee together to proceed immediately,” he told Parliament.
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Source: YEN.com.gh