Many people — including myself — have offered reasons as to why the cedi has been depreciating so rapidly.  In February, when the cedi seemed to be depreciating particularly fast, Anita Desooso of the National Women’s Organiser of the governing National  Democratic Congress blamed the cedi’s depreciation on dwarves and juju or black magic. Last week, Mahamadu Bawuima, former Deputy Governor of the Bank of Ghana, gave a speech at Central University called Restoring Value in the Cedi.  (Bawuima was also the […]

Categories: Ghana's Economy • Tags: Bawuima, hyperinflation