- 20 Marks
MFS – OCT 2022 – L2 – Q8 – Causes and Measures for Falling Cedi
Discuss causes of the falling Ghanaian cedi and authorities' measures.
Question
It has been stated that “a weakening currency, high debt and increasing global food and oil prices are a dangerous combination for Ghana”. The recent free fall of the Ghanaian cedi has given some credence to that assertion. Discuss the causes for the falling cedi and the measures the authorities have put in place to address that trend?
(20 Marks)
Find Related Questions by Tags, levels, etc.
- Tags: Causes, Ghanaian Cedi, Global Prices, High Debt, Measures, Weakening Currency
- Level: Level 2
- Topic: Exchange rates
- Series: OCT 2022
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