Our Foreign Exchange Regime Loose; Time To Tighten It – Bawumia

Vice President, Dr. Mahamudu Bawumia, has admitted that Ghana’s foreign exchange systems appear to be loose. This he believes has contributed to the current economic challenges confronting the country. He maintains that government and key stakeholders have to look at tightening the foreign exchange regime by reconsidering innovative ways of production. Speaking at the Standard Chartered digital banking Innovation & Fintech Festival in Accra, the Vice President said government will present details of addressing this shortfall of the exchange rate in the coming days. “It is very clear that our foreign exchange regime is quite loose, and that is why…