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Private lawyer Kofi Bentil said funds from the Cocoa syndicated loan would not help solve the problem of cedi depreciation.
If that had been possible, he noted, previous governments would have managed to stop the free fall of the cedi from previous years by the same means.
The cedi currently stands at 5.62 ¢ per dollar against 4.42 GH ¢ for the same period last year and 4.27 GH ¢ in January 2017.
For a country highly dependent on imports, many fear that the depreciation of the cedi will worsen further if long-term measures are not put in place to control it.
Association of Petroleum Marketing Companies at warned that they might be forced to increase their prices at the pump rate of depreciation continues.
President Akufo-Addo expressed worry about the situation and Finance Minister Ken Ofori-Atta pledged relief in the coming weeks government Expects strong inflows of currencies soon.
During the week, he told reporters that the government was working to solve the problem: "We have about $ 300 million from COCOBOD and an additional $ 600 million from COCOBOD in about a month or so. We have officially launched our $ 3 billion euro bond, which should close in the coming months. the next weeks.
"With the kind of fundraising that I talked about, "he said," I think everything will stop and that we will realize that it is only d & # 39; a jolt … and that this should happen in the next two weeks or so, "he said. added.
But Mr. Bentil wonders if that is the solution to the problem.
The first vice-president of policy group, said IMANI Africa, the badertion that COCOBOD's money will solve the problem amounts to "having a causing the disease you take a painkiller for that, "he said in Joy News's news badysis program, Newsfile.
He said that the causes of the year-to-year depreciation of the cedi were not yet known and that the government, instead of systematically injecting dollars into the economy and counting on COCOBOD and foreign investment, had to look for long-term solutions.
"What the cedi rate reveals is that there is something fundamentally wrong in our economy and I do not think we understood it.
"Whoever does it does not do a good job. If you claim to work hard for something but you do not solve the problem, you do not know what you are doing because, obviously, the problem is not solved. "
The Minister of Finance's suggestion to do something about the politics of the country over-dependence Bentil also criticized exports for creating a cedi depreciation.
He said the ability of the United States to maintain a The stability of the dollar despite its large trade deficit is proof that this badogy is pointless.
Mr. Bentil suggests "We have economists in this country, economics department, badysts, thank you for thinking … we have people who should badyze and badyze this problem.
"Let's see what drives our cedi to behave this way. If we do not cure this temperature, it will begin to affect our brain and kill everything. We have to study it, understand it, we can then manage it competently. "
The Executive Director of the Media Foundation for West Africa (MFWA), Sulemana Braimah agrees with Mr. Bentil.
He said that the problem of the cedi is similar to a number of problems that the country faces and government they have not been successful, just as they have failed in other areas.
"We did not have politicians who said that they would take a long-term approach that would not yield the results that will make people happy immediately, which means that the probability of losing an election is real , but that it is in the interest of the country. . "
There is no doubt that the Vice President, Mr. Mahamadiu Bawumia – who is the head of the economic management team – is able to solve the problem. They should take bold steps and make fun of the consequences.
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