Ghana’s Economy Shows Signs Of Recovery As Cedi Strengthens To GH₵13.33 Per Dollar, Calls For Control Price Grow Louder

The Ghanaian economy is showing signs of recovery as the local currency, the cedi, has strengthened against the US dollar, exchanging at GH₵13.33 per dollar.

This development has brought immense relief to citizens who have been grappling with the challenges of a weakening currency over the past few months.

After hitting lows of GH₵16, GH₵17, and even GH₵18 to the dollar, the cedi’s appreciation is seen as a major achievement, and Ghanaians are hailing the efforts of the government and the finance ministry in stabilizing the economy.

The improved exchange rate is expected to have a positive impact on the economy, making imports cheaper and reducing the cost of living for Ghanaians.

Angel Tv News reporter Bismark Mensah interviewed traders who expressed their joy over the cedi’s strengthening.

However, they also urged the government to set a control price for marketers to prevent exploitation and ensure the benefits of the strengthened cedi are passed on to consumers.

As the country continues to navigate the complexities of the global economy, the strengthening of the cedi is a welcome development that is likely to boost confidence in the economy.

Story by Bismark Mensah@A/R.