A Professor of Economics at Indiana University, Pennsylvannia, is on record to have described the move by Government of Ghana as a positive one which could begin the journey towards the resuscitation of the country’s economy.
On his twitter handle Prof. Sigfried Josefowizc posits “the recent sterling performance of the Ghanaian local currency against the dollar is quite significant and interesting.
With news of the Gold For Oil set to commence next week, the dollar could suffer further downturn, GHC 6 cedi is likely”