GIPC Chief Executive, Mewena Treabah
GIPC Chief Executive, Mewena Treabah
GIPC Chief Executive, Mewena Treabah
GIPC Chief Executive, Mewena Treabah

The Ghana Investment promotion Center??GIPC says the new foreign exchange measures introduced would not affect investments into the country??by foreigners.

The Bank of Ghana last month outlined a series of measures??to totally discourage the use of dollars as a medium of exchange in the country.

However, some analysts including the former GIPC Chief Executive, ?Kwesi Abeasi says Ghana could be affected badly because of these measures.

But Chief Executive, Mewena Treabah disagrees. She told JOYBUSINESS her engagement with some of the foreign firms shows that??the directives were needed to stabilize the local currency, which in the long term would protect their business and investment.

Meanwhile,??it appears the prediction by the Bank of the Ghana that the local currency would start stabilizing strongly against the dollar this month, is being realized.

Checks by JOYBUSINESS show that the Ghana cedi??over the past weeks has been recording some marginal stability against the dollar.

According to the??Bank of Ghana, one could purchase a dollar at Two Ghana cedis Fifty-six pesewas now, compared to the almost Three Ghana cedis early last month.

Source Myjoyonline

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