Dr. Baah-Boateng

Head of the Department of Economics at the University of Ghana, Professor William Baah-Boateng, has urged the Bank of Ghana to enforce regulations that bar ordinary Ghanaians from buying dollars. According to him, the indiscriminate buying of dollars on the foreign exchange market by Ghanaians who do not need the dollars for any form of transaction is partly responsible for how poorly the cedi has fared this year. He noted that as the dollar is not a medium of exchange in Ghana, it should not be made readily available to just any Ghanaian who wants to buy it. “And that…