Cedi Depreciation C’ttee will be put together in 10 days – Gov’t

The bi-partisan committee set to probe the recent depreciation of the cedi and suggest measures to curb it will be put together in the next 10 days, Finance Minister, Ken Ofori Atta has disclosed.

“We should be able to put together the committee in the next ten days” he told some Journalists in parliament after delivering a statement to parliament Thursday.

In a statement to Parliament yesterday to mark the end of the 3-year IMF programme, the Finance Minister revealed he’s been tasked by the President to investigate the structural causes of the perennial cedi depreciation and propose solutions to it.

According to him, the Committee will be constituted by members across the aisle in parliament, experts, and other industry players.

The Minister’s statement comes after the cedi recently hit an all-time low recording a rate of GHS5.86 to a $1.

However, the local currency which was described by Bloomberg as the weakest currency in Africa started picking up after the sale of the $3bn Eurobond by the government.

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