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Bank of Ghana’s Aggressive Strategy to Halt Cedi Depreciation: Can It Succeed?

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  • 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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