{"id":74334,"date":"2024-05-28T16:30:38","date_gmt":"2024-05-28T16:30:38","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=74334"},"modified":"2024-05-28T16:25:56","modified_gmt":"2024-05-28T16:25:56","slug":"there-appears-to-be-no-end-in-sight-for-the-depreciation-of-the-cedi-mahama","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/there-appears-to-be-no-end-in-sight-for-the-depreciation-of-the-cedi-mahama","title":{"rendered":"There appears to be no end in sight for the depreciation of the Cedi \u2013 Mahama"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Former President John Dramani Mahama has observed that there appears to be no end in sight for the challenges of the Cedi.<\/b><\/p>\n

He criticised the government for not taking measures to curtail the rapid depreciation of the currency against the major trading ones, especially the Dollar.<\/p>\n

He said this at the 8th CEO Summit in Accra on May 27, 2024.<\/p>\n

\u201cUnemployment has jumped to 14.7% from 8.5% in 2017, the highest level recorded in the history of the 4th Republic; inflation is above 25%, and the current interest rates range between 30% and 50%,\u201d he said.<\/p>\n

\u201cThe exchange rate, which was previously at 4.00 Ghana Cedis to the US dollar, has crossed the 15 Ghana Cedi threshold, and there appears to be no end in sight to the deterioration of the cedi.<\/p>\n

\u201cDespite this, the government remains unconcerned, unwilling to cut expenditures, and continues to spend more on creature comforts instead of investing in the transformational infrastructure that will propel this nation forward.\u201d<\/p>\n

The 8th CEO Summit is being held under the theme, \u201cReigniting Business and Economic Growth: Charting A Path Forward; Economic Diversification and Artificial Intelligence Transformation. A Private-Public Sector CEO Dialogue and High Impact Learning.\u201d<\/p>\n

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

Africa-Press – Ghana. Former President John Dramani Mahama has observed that there appears to be no end in sight for the challenges of the Cedi. He criticised the government for not taking measures to curtail the rapid depreciation of the currency against the major trading ones, especially the Dollar. He said this at the 8th […]<\/p>\n","protected":false},"author":84,"featured_media":74333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[5092,5096,429],"class_list":["post-74334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nThere appears to be no end in sight for the depreciation of the Cedi \u2013 Mahama - Ghana<\/title>\n<meta name=\"description\" content=\"Former President John Dramani Mahama has observed that there appears to be no end in sight for the challenges of the ...\" \/>\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\/there-appears-to-be-no-end-in-sight-for-the-depreciation-of-the-cedi-mahama\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"There appears to be no end in sight for the depreciation of the Cedi \u2013 Mahama\" \/>\n<meta property=\"og:description\" content=\"Former President John Dramani Mahama has observed that there appears to be no end in sight for the challenges of the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-appears-to-be-no-end-in-sight-for-the-depreciation-of-the-cedi-mahama\" \/>\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=\"2024-05-28T16:30:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1716900537.120427.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"762\" \/>\n\t<meta property=\"og:image:height\" content=\"447\" \/>\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\/there-appears-to-be-no-end-in-sight-for-the-depreciation-of-the-cedi-mahama#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-appears-to-be-no-end-in-sight-for-the-depreciation-of-the-cedi-mahama\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"There appears to be no end in sight for the depreciation of the Cedi \u2013 Mahama\",\"datePublished\":\"2024-05-28T16:30:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-appears-to-be-no-end-in-sight-for-the-depreciation-of-the-cedi-mahama\"},\"wordCount\":214,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-appears-to-be-no-end-in-sight-for-the-depreciation-of-the-cedi-mahama#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1716900537.120427.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-appears-to-be-no-end-in-sight-for-the-depreciation-of-the-cedi-mahama#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-appears-to-be-no-end-in-sight-for-the-depreciation-of-the-cedi-mahama\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-appears-to-be-no-end-in-sight-for-the-depreciation-of-the-cedi-mahama\",\"name\":\"There appears to be no end in sight for the depreciation of the Cedi \u2013 Mahama - 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