President Akufo-Addo orders probe into cedi depreciation

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.

President Akufo-Addo orders probe into cedi depreciation

Finance Minister, Ken Ofori-Atta Source: UGC
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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