Economist predicts depreciation of GH¢ early 2016

A Senior Lecturer at the Economic Department of the University of Ghana Dr. Ebo Turkson, says the relative stability of the Cedi during this festive season is due to the Cocoa syndicated loan and remittances from Ghanaians abroad for the Christmas and New Year Celebrations.

He told Radio Ghana that the cedi is likely to depreciate  early next year following the increase in the US federal reserve rate coupled with businesses converting cedis into foreign currencies for import. 



GBC