{"id":92697,"date":"2025-09-04T20:06:44","date_gmt":"2025-09-04T20:06:44","guid":{"rendered":"https:\/\/sotnews.agency\/?p=92697"},"modified":"2025-09-04T20:06:44","modified_gmt":"2025-09-04T20:06:44","slug":"cedi-reversal-should-not-create-panic-bokpin","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=92697","title":{"rendered":"Cedi reversal should not create panic \u2013 Bokpin"},"content":{"rendered":"
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A professor of Finance at the University of Ghana, Prof Godfred Bokpin, has assured the public that recent pressures on the cedi should not trigger panic, describing the currency\u2019s dip as part of a natural correction process.<\/p>\n

Speaking in an interview on Joy FM<\/strong>\u2018s Top Story on Thursday, September 4, Prof Bokpin explained that businesses have recently faced challenges accessing foreign exchange to meet import demands, particularly ahead of the Christmas season when demand for dollars typically surges.<\/p>\n

\u201cThere was pressure on the currency, and people\u2019s businesses were having challenges getting the desired foreign exchange to meet their imports and the rest of them, and also ahead of Christmas and all of that, there will be an uptick in all of this. So what we are seeing now, [Cedi depreciation] should also not create panic. It doesn\u2019t mean that the central bank has lost control. I think they\u2019ve done quite well,\u201d he stated.<\/p>\n

He noted that while the cedi\u2019s earlier appreciation was difficult to sustain, the current reversal should be expected. <\/p>\n

He added that the upcoming fifth review of Ghana\u2019s International Monetary Fund-supported programme, likely to take place at the end of September or early October, will be another important milestone for currency stability.<\/p>\n

According to him, the central bank\u2019s strong presence in the market, coupled with improved understanding of foreign exchange operations, provides confidence that the current pressure will be managed effectively.<\/p>\n

\u201cTo some extent, this is also good for us, because where the exchange rate had appreciated to, it was always going to be difficult to sustain,\u201d Prof Bokpin observed.<\/p>\n<\/div>\n

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\"Economist Professor of Finance at the University of Ghana, Prof. Godfred Bokpin, has assured the public that recent pressures on the cedi should not trigger panic, describing the currency\u2019s dip as part of a natural correction process.<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12,1919,1969,1883,117,10,9,7197],"tags":[],"class_list":["post-92697","post","type-post","status-publish","format-standard","hentry","category-business","category-cedi","category-hp-news-3","category-national","category-news","category-politics","category-popular","category-prof-godfred-bokpin"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/92697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92697"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/92697\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}