- Central bank implements multi-pronged approach to stabilize cedi amidst soaring inflation
- Long-term success hinges on comprehensive structural reforms, experts caution.
Accra, Ghana – The Ghanaian cedi has been in a seemingly inevitable depreciation, eroding economic vitality and fuelling episodes of soaring inflation. Now the central bank is taking an aggressive, multi-pronged approach aimed at breaking the cedi’s longstanding depreciatory cycle. But can it succeed in the long run without comprehensive structural reforms?
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