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Posts Tagged ‘CEPA 2013 Economic Review’

Ghana Economic Review and Outlook 2013 and the Dawn of the Dutch Disease

Posted by Business in Ghana on October 20, 2012

DATE: Thursday 25th October 2012      TIME: 8.30 a.m. prompt

Venue: British Council Hall, Liberia Road, Accra

Major Findings

Currency crisis has been brought under control

Over the first half of this year, the cedi lost about 20 percent of its value against the US dollar in the foreign exchange markets. It stabilized somewhat between July and August, reaching a peak of GHᄁ1.9565 per US dollar in late-August, and thereafter gradually gained in value /recovered to the current GHᄁ1.8938 by mid-October. Barring any adverse developments, CEPA projects an end-year rate of GHᄁ1.85 per US dollar. For the year as a whole this would mean a cumulative loss in the value of the cedi by about 13 percent. Read the rest of this entry »

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