Ghana cedi gaining strength against major trading currencies — Nana Addo

President Nana Addo Dankwa Akufo-Addo has said the Ghana cedi which has come under intense pressure is gaining strength against the major trading currencies.

President Nana Addo Dankwa Akufo-Addo

This is due to the government's strategies to recover from the adverse effects of the COVID-19 pandemic.

He admitted that the world is going through difficult times and Ghana is no exception adding that no country in the world has escaped the ravages of COVID-19.

"In Ghana, the recovery programme we have is very credible and that is what is going to give us the opportunity to come out of this period a stronger economy, and it is that future we are looking at. The digital economy is emerging as the biggest economy in the country and for a long period, it has not had any tax at all, so it is important that it also comes into the net,' he stated.


According to him, "The Cedi has begun to firm up. The world is going through a difficult [moment], Ghana is no exception, and Nigeria is no exception. There is no country in the world that is escaping the ravages of Covid-19 and also the impact of the [Russia-Ukraine conflict]."

He made this known in an interview with the BBC's Peter Okwoche on Monday, April 4, 2022.

President Nana Addo Dankwa Akufo-Addo on Thursday, March 31, 2022, has assented to the E-levy bill passing it into law.

Parliament approved the bill on Tuesday, March 29, 2022, after the minority staged a walkout.

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