Ghana’s Information Minister, Kojo Oppong Nkrumah has said that the cedi will soon bounce back.
According to him, the dependence on imports is about to be reduced and this will make sure that the country’s economy is stable and local industries protected.
Oppong Nkrumah explained that this means about $2 billion is about to be pumped into the economy.
He noted that this money will stabilize the economy till the IMF help comes next year.
Oppong Nkrumah called on Ghanaians who had stocked dollars to start selling them.
He boldly stated that with the coming in of the $2 billion will help the cedi rise and this will cause the dollar to fall.
He advised Ghanaians to sell the dollars they have and acquire cedis in order to be on a safer side.