DailyEconomic – Traders and local factories in Ghana have called on the Ghanaian government to take measures to prevent the cedi from depreciating sharply against currencies such as the US dollar, euro and renminbi.
Ebo Botchwey, president of the Ghana Plastics Manufacturers Association (GPMA), said the government always defaults and we need fairness.
Economists say Ghana’s economic crisis is caused by government borrowing and may be the worst economic crisis in three decades.
The cedi has depreciated sharply since February 2022, from 6 to 1 US dollar to 15.45 today.
Today, the US dollar to Ghana cedi exchange rate is 15.4500, the euro to cedi exchange rate is 16.8096, and the renminbi to cedi exchange rate is 2.126.