{"id":73683,"date":"2024-05-20T17:13:26","date_gmt":"2024-05-20T17:13:26","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=73683"},"modified":"2024-05-20T16:40:05","modified_gmt":"2024-05-20T16:40:05","slug":"ieas-kwakye-to-suggest-firefighting-short-term-medium-term-long-term-options","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ieas-kwakye-to-suggest-firefighting-short-term-medium-term-long-term-options","title":{"rendered":"IEA\u2019s Kwakye to suggest \u2018firefighting, short-term, medium-term & long-term\u2019 options"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, has announced that he would be suggesting real, better ways to tackle the woes of the Cedi. <\/b><\/p>\n

He noted that the New Patriotic Party (NPP) and the National Democratic Congress (NDC) have all performed badly in managing the local currency.<\/p>\n

He recounted that the NDC, during their tenure, took the cedi-dollar rate from 1.20 at the end of 2008 to 4.20 at the end of 2016.<\/p>\n

Currently, the governing NPP has taken it from 4.20 to 13.77 as of 16th May 2024.<\/p>\n

\u201cBoth are very abysmal. No one should even dare tell us that one is better than the other,\u201d he wrote on X.<\/p>\n

Cedi woes: This is not a good time for businesses \u2013 CEO of Chamber of Commerce<\/p>\n

\u201cWaiting to receive IMF disbursement to stabilise the bleeding cedi, which is not even sustainable, is a pity.<\/p>\n

\u201cDon\u2019t our economic managers have other options? Watch out for my article next week suggesting a menu of firefighting, short-term, medium-term and long-term options.\u201d<\/p>\n

The currency hasn\u2019t gained versus the dollar in the past 22 trading sessions, the longest streak, Bloomberg reported.<\/p>\n

The currency hasn\u2019t gained versus the dollar in the past 22 trading sessions, the longest streak according to data compiled by Bloomberg going back to 1994. The cedi traded 0.3% weaker at 13.9310 by 1 p.m. in London.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, has announced that he would be suggesting real, better ways to tackle the woes of the Cedi. He noted that the New Patriotic Party (NPP) and the National Democratic Congress (NDC) have all performed badly in managing the […]<\/p>\n","protected":false},"author":84,"featured_media":73682,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-73683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nIEA\u2019s Kwakye to suggest \u2018firefighting, short-term, medium-term & long-term\u2019 options - Ghana<\/title>\n<meta name=\"description\" content=\"The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, has announced that he would be ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ieas-kwakye-to-suggest-firefighting-short-term-medium-term-long-term-options\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IEA\u2019s Kwakye to suggest \u2018firefighting, short-term, medium-term & long-term\u2019 options\" \/>\n<meta property=\"og:description\" content=\"The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, has announced that he would be ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ieas-kwakye-to-suggest-firefighting-short-term-medium-term-long-term-options\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-20T17:13:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1716210368.970914.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ieas-kwakye-to-suggest-firefighting-short-term-medium-term-long-term-options#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ieas-kwakye-to-suggest-firefighting-short-term-medium-term-long-term-options\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"IEA\u2019s Kwakye to suggest \u2018firefighting, short-term, medium-term & long-term\u2019 options\",\"datePublished\":\"2024-05-20T17:13:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ieas-kwakye-to-suggest-firefighting-short-term-medium-term-long-term-options\"},\"wordCount\":245,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ieas-kwakye-to-suggest-firefighting-short-term-medium-term-long-term-options#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1716210368.970914.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/ieas-kwakye-to-suggest-firefighting-short-term-medium-term-long-term-options#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ieas-kwakye-to-suggest-firefighting-short-term-medium-term-long-term-options\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ieas-kwakye-to-suggest-firefighting-short-term-medium-term-long-term-options\",\"name\":\"IEA\u2019s Kwakye to suggest \u2018firefighting, short-term, medium-term & long-term\u2019 options - 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