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Home BUSINESS

Cedi Named One Of The Worst African Currencies Currently

Kumasi Online by Kumasi Online
1st March 2022
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In a recent post, the Ghana cedi has been named as one of the worst-performing currencies in Africa currently.

This is the third month into 2022 and the cedi has been hit hard as it has really declined in value when it is compared to other currencies.

The report was made by Joy Business and it was revealed that the cedi overtook the Zambian kwacha as the worst-performing currency.

The cedi was noted to have depreciated by about 7.60% to the dollar and this shows how the country is finding it difficult to mobilize revenue and also manage expenditure.

Check out the chart below;

In other news, ace broadcaster, Kwame Sefa Kayi has asked the ruling government to subject the popular ‘Free SHS’ policy to a structural review five years after it was implemented.

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He said parents who are financially capable should be made to pay for the boarding fees and other expenses of their kids.

“It’s been five years since we rolled out the Free SHS program, I don’t understand why we’ve not done any review on it. How can someone who stays at East Legon and has his or child at Achimota be made not pay school fees. We can make tuition free but charge those at boarding houses.

The National Petroleum Authority (NPA) Board Member also called for the cancellation of buying past questions for students.

“My opinion is that government should pay for tuition and library fee and those things but those who want boarding school must pay. How can government be buying school uniforms, exercise books, past questions. Have you heard some before? Do we buy past questions?” he said on Peace FM.

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Send your news stories to dannyboy744@gmail.com and via WhatsApp on +233 266777777

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