Chartered Economist, Gideon Amissah has said that the Foreign Exchange (FX) committee set up by the President to investigate the structural causes for the depreciation of the cedi will only yield politically-inclined results.
In an interview on the Happy Morning Show aired on Happy 98.9 FM, he said: “With the economic watches, I don’t really see any new thing that is likely to come up which we already don’t know. I can predict or say the report of the committee is likely to tell us in terms of the current and previous regime, which of them has managed the exchange rate very well. The report is likely to be a political document, which will shift blames telling us who did well and who did not”.
According to him, the country has structural problems pertaining to the cedi that we have not dealt with. Thus, the setting up of a committee will only “leave the actual causes of the problems” whilst focusing on which Government did well in managing the exchange rate and which Government did not.
The Government of Ghana set up the Foreign Exchange (FX) Committee to investigate the structural causes of the depreciation of the cedi and find solutions to these problems.
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By: Alberta Dorcas N D Armah