Member of Parliament for Nsawam-Adoagyiri Frank Annoh-Dompreh has expressed optimism that the Cedi will gain further against the Dollar in the coming days.
He said Ghana is going to witness a historic feat over the strength the of the Cedi.
“The Cedi has gained 61% of its value against the $… We are set for another historic feat! Yes, we can Ghana,” he tweeted.
President Nana Addo Dankwa Akufo-Addo recently indicated that the government will continue with the implementation of the programmes that have resulted in the strengthening of the Cedi and other economic indicators.
The Cedi at a point depreciated against dollar to trade at 1$ to ¢13.70 on Tuesday December 6, 2022 but has been gaining strength against the major trading currencies particularly, the Dollar.
Per the Bank of Ghana (BoG) rate, the Cedi, as of Thursday December 22, was buying at GHS8.2959 to a Dollar and and selling at GHS8.3042 to a Dollar.