A financial analyst Bernard Osei Tutu has water down the effects the Bank of Ghana’s meeting with heads of forex bureau, directors of some Banks today on the fortunes of Ghana’s economy .
Bank of Ghana’s meeting with heads of forex bureau association and directors of some Banks is the aim by stabilizing the forex trading as well as bringing to an end the over pricing of forex market.
Information Minister, Kojo Oppong Nkrumah at an emergency news conference outlined plans by the government to respond to the depreciation of the Ghanaian currency.
“The Bank of Ghana will be meeting the Managing Directors of some of the banks and the heads of the Forex Bureau Associations for a series of discussions aimed at ensuring that the supply of forex onto the forex markets is stabilised and the overpricing is also halted and that people who need access to Forex for legitimate transactions can get same without hindrance in the banking halls and other Forex bureaus as against on the black market,” he said.
The Minister noted that the Economic Management Team is also meeting to apprise itself of some recommendations from Economists after which Cabinet will meet with the President from Thursday to Saturday to receive updates on the IMF negotiations and what the Economic Management Team has put together so far.
However Bernard Osei Tutu believes the meeting will bring nothing new, he is therefore calling on president Akufo-Addo to rather set up a non partisan Economic recovery committee to help salvage country’s ill economy.
Story by: Teacher Kojo / Ahotoronline.com
