Wednesday, February 12, 2014

Ghana Government curbing enthusiasm for the dollar amid black market boom fears

President John Dramani Mahama on Tuesday reiterated government's plan to rescue the depreciating cedi and add value to the country's commodities that are currently exported in their raw form. Mahama pointed to the global effects of the American Federal Reserve's recovery on tapering that has led to currency reactions in emerging markets.

He stated that this economic situation, coupled with the demand for dollars in Ghana's import-dependent economy, are reasons why the local currency has

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