If I were you, I would sell my dollars because the cedi will soon rise- Oppong Nkrumah

The Information Minister has revealed that some dollars will be injected into the economy.

The move, he explained, is part of efforts to halt the sharp depreciation of the Ghanaian Cedi.

According to Kojo Oppong Nkrumah, the government will soon receive $2 billion.

He stated that Afremix Bank will contribute $750 million this week, while the cocoa syndicated loan will contribute $1.3 billion.

“The Bank of Ghana introduced a number of measures in the short term to deal with it and on the back of that… the $750 million that we were expecting, all the paperwork has been concluded, and it should be hitting our accounts today or tomorrow.”

“If I were you, and I was holding onto dollars, I would be selling them by now because there is a lot more dollar coming in from the $750 million and also from the Cocoa Syndicated Loan of about $1.3 billion,” the minister said in an interview with Accra-based Citi FM on Monday, August 22.

By: Rainbowradioonline.com/Ghana

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