Google's cedi exchange controls create confusion for Ghana Twitter ▷ Ghana news



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At 15:00 GMT on March 15, 2019, Google.com shows that Ghana's cedi position against the three major currencies shows a devaluation of about 300 percentage points since the same time yesterday.

At present, the Ghanaian authorities responsible for managing the economy have not yet issued a statement on the information provided by Google.

Social media, a platform for people to share their concerns about issues of this nature, arouses the enthusiasm of those who denigrate Google or the government of Ghana.

The cedi, before the figures released by Google on Armageddon-esque, was already in a weak position against the pound sterling, the euro and the US dollar.

But the sharp dive he would have taken is quite spectacular in 24 hours.

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It is not known if the numbers provided by Google result from a technical problem.

Anyway, a generation that finds most of its information on the Internet can be convinced of what it sees.

If Google's numbers turn out to be wrong, it remains to be seen whether the government of Ghana will prosecute the tech giants.

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YEN.com.gh & # 39; s A check with the foreign exchange operators has indeed shown that between 14 and 15 March 2019, the cedi was appreciated in relation to the main commercial currencies.

This follows an announcement by Finance Minister Ken Ofori-Atta that the central bank would inject $ 800 million into the economy.

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The cedi exchange rate policy has always been fierce in Ghana.

But in 2016, he became the focal point of Mahamadu Bawumia, presidential candidate of the president of the New Patriotic Party (NPP), against the government of John Mahama.

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Source: Yen.com.gh

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