What permanent solutions did you proffer to Cedi stability as BoG MPC member? – Financial Analyst asks Kwakye

Financial analyst Dr. Dawson has urged Dr. John Kwakye, former Monetary Policy Committee (MPC) member of the Bank of Ghana (BoG) and Director of Research at the Institute of Economic Affairs (IEA), to disclose any lasting solutions he previously proposed for stabilizing the Ghanaian cedi.

Dr. Dawson’s comments follow Dr. Kwakye’s criticism of the central bank’s management of the cedi, in which Dr. Kwakye advocated for a national emergency and expert intervention to address the currency’s depreciation against the dollar.

Dr. Dawson also advised economists to be cautious with public statements, emphasizing their potential to harm the economy.

Additionally, Dr. Dawson praised the BoG's introduction of Ghana Gold Coin investments as an alternative to holding dollars, which he believes could reduce demand for foreign currency and help stabilize the cedi.

He encouraged Ghanaians to support the BoG’s initiatives and commended the government’s ongoing efforts to improve the economy.