Dr. Sa-ad Iddrisu, an Economic Advisor to Finance Minister Dr. Ato Forson has predicted a single digit for the cedi against the dollar.
The US-based Economist commended the Bank of Ghana and the Ministry of Finance for collaborating effectively to stabilize the cedi which according to him will soon hit a single digit.
Dr. Sa-ad Iddrisu, the cedi’s performance against the dollar and other major currencies in the world should be created to the effective works of both the Finance Ministry and the Bank of Governor and not any external factors.
He predicted a single digit figure for the cedi against the dollar using the popular break the 8 mantra while reacting to comments from some elements within the NPP that the performance of the Ghanaian currency is only temporal.
“Given the effective policies implemented and the strong policy coordination between the Ministry of Finance and the Bank of Ghana, the cedis will no doubt break the 8 against the dollar,” Dr. Sa-ad Iddrisu said.
