{"id":54339,"date":"2022-11-08T23:42:01","date_gmt":"2022-11-08T23:42:01","guid":{"rendered":"https:\/\/www.kumasionlinegh.com\/?p=54339"},"modified":"2022-11-08T23:42:05","modified_gmt":"2022-11-08T23:42:05","slug":"govt-committed-to-stabilising-cedi-finance-minister","status":"publish","type":"post","link":"https:\/\/www.kumasionlinetv.com\/?p=54339","title":{"rendered":"<strong>Govt committed to stabilising cedi \u2013 Finance Minister<\/strong>"},"content":{"rendered":"\n<p>Finance Minister, Ken Ofori-Atta, has reiterated government\u2019s commitment to stabilising the Ghana cedi by the end of the year.<\/p>\n\n\n\n<p>According to him, government and the Bank of Ghana have adopted measures including dealing with speculation which he described as one of the major causes of the depreciation of the cedi in recent times.<\/p>\n\n\n\n<p>Giving some assurances to captains of industry at an Association of Ghana Industries forum, Mr Ofori-Atta said though the depreciation of the cedi has impacted the cost of doing business in the country, he is confident the rate of depreciation of the local currency will slow down and bring relief to businesses.<\/p>\n\n\n\n<p>\u201cAs the Minister of Finance, no one needs to tell me the ravages of the cedi depreciation which has become an albatross on the neck of our local industries and the high cost of living for all citizens,\u201d he said.<\/p>\n\n\n\n<p>Mr Ofori-Atta also pointed out that the dollar had strengthened against the other major foreign currencies, leading to the depreciation of the Yen, Pound and the Euro.<\/p>\n\n\n\n<p>He charged the industry to increase their productive capacity to stimulate job creation, adding that \u201cwe cannot continue to be a nation of importers.\u201d<\/p>\n\n\n\n<p>He cited an example such as the country importing about \u00a24 billion worth of fish, \u00a21.9 billion worth of chicken and \u00a2487 million worth of meat in 2022.<\/p>\n\n\n\n<p>The forum was attended by chief executives, managers and directors of firms such as Nestle Ghana, Nandis Limited, Hollard Ghana, Unilever Ghana, Poly Plus Limited and Metalex Limited.<\/p>\n\n\n\n<p><strong>SEND A STORY:<\/strong>\u00a0Do you have a story for us or need a promotion \/ advertisement? Submit them via our email\u00a0<strong><a href=\"mailto:dannyboy744@gmail.com\">dannyboy744@gmail.com<\/a>\u00a0and via on +233 266777777<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister, Ken Ofori-Atta, has reiterated government\u2019s commitment to stabilising the Ghana cedi by the end of the year. According to him, government and the Bank of Ghana have adopted measures including dealing with speculation which he described as one of the major causes of the depreciation of the cedi in recent times. Giving some [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":54341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"iawp_total_views":1,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-54339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt committed to stabilising cedi \u2013 Finance Minister - Kumasi Online TV<\/title>\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.kumasionlinetv.com\/?p=54339\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt committed to stabilising cedi \u2013 Finance Minister - Kumasi Online TV\" \/>\n<meta property=\"og:description\" content=\"Finance Minister, Ken Ofori-Atta, has reiterated government\u2019s commitment to stabilising the Ghana cedi by the end of the year. According to him, government and the Bank of Ghana have adopted measures including dealing with speculation which he described as one of the major causes of the depreciation of the cedi in recent times. 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