“I know the challenges Ghanaians are facing, I appeal to you to have faith in me to solve the challenges, this too shall pass.”
Ghanaians are currently facing economic challenges just as other countries are also doing.
The Cedi has recently been classified by Bloomberg as the worst-performing currency against the US Dollar.
Currently, the Cedi is trading at above GH¢14 to a dollar at some forex bureaus. The depreciation rate is a contributory factor for the ongoing shop closures ordered by the Ghana Union of Traders Association (GUTA).
According to the group, the fast depreciation of the Cedi is eroding their profits and also increasing the cost of doing business.