Ghana’s Vice President, Dr. Mahamudu Bawumia, has blamed the woes of the cedi largely on negative credit ratings, challenges in getting the 2022 budget passed, and the refusal of investors to roll over their monies in Ghana’s economy.
In a much-anticipated address by Dr. Bawumia who doubles as the head of the economic management team, the government said fuel prices on the international market, as well as the Russia-Ukraine war, according also contributed to the challenges of the Ghanaian currency.
Atiewin Mbillah-Lawson reports