Thursday, 30 July 2015

THE CURRENCY ISSUE IS EVERYONE’S ISSUE



   The depreciation of the Ghanaian Cedi has been a historical economic problem over decades now. Past governments have tried to provide solution to this economic nightmare as the Cedi in each given fiscal year depreciate against the major trading currencies. Sometimes we leave the whole work for the government or the
   Bank of Ghana or only one party but the issue requires all and sundry to join in to help curb the situation.
You and I have a part to play. The common Ghanaian is included because we are in a global world and everything is everybody’s business now. The must be more patronage of locally manufactured goods. That means that manufacturers are to be very original and innovative to help their products compete with that of the foreign environment. Manufacturers are to ensure that they use as much as possible less foreign materials in producing their goods.
   The government has a part to pay through implementing policies to ensure that enough local currency is in the system to avoid the use of foreign currency. Sellers must be willing to accept local currency in trading. Everyone is important in this crusade of improving the value of the local currency and we must ensure that we make it happen. God bless Ghana.

Columnist- Elvis Owusu Dankyi


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