Heavy market intervention causing stability of the Cedi; BoG dumped about $1.3b onto the market in October – Oppong Nkrumah

Member of Parliament for Ofoase Ayirebi, Kojo Opong Nkrumah, is questioning the sustainability of the appreciation of the Cedi against the major trading currencies, especially the Dollar. He makes the point that the current appreciation, as witnessed by Ghanaians, is due to heavy market intervention by the government and the Bank of Ghana (BoG). In […]