{"id":2328,"date":"2019-01-29T09:03:56","date_gmt":"2019-01-29T09:03:56","guid":{"rendered":"https:\/\/www.aptnewsghana.com\/?p=2328"},"modified":"2019-01-29T09:04:03","modified_gmt":"2019-01-29T09:04:03","slug":"bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall","status":"publish","type":"post","link":"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/","title":{"rendered":"BoG rules out fixed exchange rate regime to check cedi fall"},"content":{"rendered":"\n

The Governor of Bank of Ghana<\/a> (BoG), Dr Ernest Addison, has ruled out a possible fixed cedi-dollar exchange rate despite the local currency\u2019s perennial depreciation.<\/p>\n\n\n\n

Dr\n Addison made the remark following a push by some importers for the \nfixed exchange regime to help deal the blips in the cedi\u2019s value to the \nmajor trading currencies.<\/p>\n\n\n\n

The Governor told Joy Business<\/strong> that because of the structure of the economy, setting a fixed exchange rate will not be a good idea.<\/p>\n\n\n\n

 \u201cWe have admitted that a flexible exchange rate better serve the need of the country,\u201d he said.<\/p>\n\n\n\n

The Governor was quick to add that despite the over 8.39 per cent depreciation of the cedi against the dollar, the cedi is doing better than other currencies.<\/p>\n\n\n\n

Cedis\u2019 challenges <\/strong><\/p>\n\n\n\n

The local currency recently crossed the dreaded GHS5 mark, trading at GHS5.02 against the US currency.<\/p>\n\n\n\n

This was because demand for dollars by businesses to help finance their imports picked up strongly.<\/p>\n\n\n\n

However,\n it appears there has not been enough dollar support on the market to \ndeal with this challenge that businesses are facing.<\/p>\n\n\n\n

Figures from the Bank of Ghana shows that cedi depreciated by 8.39 per cent for last year. Within the first month of 2019, the local currency has hit 2.39 per cent depreciation.<\/a><\/p>\n\n\n\n

There\n have also been concerns about why the Bank of Ghana has not actively \nsupplied dollars on the market even though the country\u2019s reserves are said to be over $7 billion.<\/p>\n\n\n\n

But the Governor has maintained that there is the need to be strategic with that type of intervention to ensure that all the country\u2019s international reserves are not depleted.<\/p>\n\n\n\n

credit: myjoyonline.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Governor of Bank of Ghana (BoG), Dr Ernest Addison, has ruled out a possible fixed cedi-dollar exchange rate despite the local currency\u2019s perennial depreciation. […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":2329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[55],"class_list":["post-2328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-bog"],"yoast_head":"\nBoG rules out fixed exchange rate regime to check cedi fall - Apt News Ghana<\/title>\n<meta name=\"description\" content=\"Exchange rate, some importers push for the fixed exchange regime to help deal the blips in the cedi\u2019s value to the major trading currencies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BoG rules out fixed exchange rate regime to check cedi fall - Apt News Ghana\" \/>\n<meta property=\"og:description\" content=\"Exchange rate, some importers push for the fixed exchange regime to help deal the blips in the cedi\u2019s value to the major trading currencies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/\" \/>\n<meta property=\"og:site_name\" content=\"Apt News Ghana\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-29T09:03:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-01-29T09:04:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.aptnewsghana.com\/wp-content\/uploads\/2019\/01\/BOG-Dr-Addison.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"399\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Editor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Editor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/\"},\"author\":{\"name\":\"Editor\",\"@id\":\"https:\/\/www.aptnewsghana.com\/#\/schema\/person\/26a4fa2e1ccac2c31f11b3186d0240fa\"},\"headline\":\"BoG rules out fixed exchange rate regime to check cedi fall\",\"datePublished\":\"2019-01-29T09:03:56+00:00\",\"dateModified\":\"2019-01-29T09:04:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/\"},\"wordCount\":289,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.aptnewsghana.com\/#organization\"},\"keywords\":[\"BOG\"],\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/\",\"url\":\"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/\",\"name\":\"BoG rules out fixed exchange rate regime to check cedi fall - Apt News Ghana\",\"isPartOf\":{\"@id\":\"https:\/\/www.aptnewsghana.com\/#website\"},\"datePublished\":\"2019-01-29T09:03:56+00:00\",\"dateModified\":\"2019-01-29T09:04:03+00:00\",\"description\":\"Exchange rate, some importers push for the fixed exchange regime to help deal the blips in the cedi\u2019s value to the major trading currencies.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.aptnewsghana.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"BoG rules out fixed exchange rate regime to check cedi fall\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.aptnewsghana.com\/#website\",\"url\":\"https:\/\/www.aptnewsghana.com\/\",\"name\":\"Apt News Ghana\",\"description\":\"Your Coverage\",\"publisher\":{\"@id\":\"https:\/\/www.aptnewsghana.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.aptnewsghana.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.aptnewsghana.com\/#organization\",\"name\":\"Apt News Ghana\",\"url\":\"https:\/\/www.aptnewsghana.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.aptnewsghana.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.aptnewsghana.com\/wp-content\/uploads\/2018\/12\/aptnewsghana-logo-1-e1546185192805.png\",\"contentUrl\":\"https:\/\/www.aptnewsghana.com\/wp-content\/uploads\/2018\/12\/aptnewsghana-logo-1-e1546185192805.png\",\"width\":320,\"height\":107,\"caption\":\"Apt News Ghana\"},\"image\":{\"@id\":\"https:\/\/www.aptnewsghana.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.aptnewsghana.com\/#\/schema\/person\/26a4fa2e1ccac2c31f11b3186d0240fa\",\"name\":\"Editor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.aptnewsghana.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bf711d428bc8613649773651afe632ce7b73d253d98f0e9ed26da056197e99b5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bf711d428bc8613649773651afe632ce7b73d253d98f0e9ed26da056197e99b5?s=96&d=mm&r=g\",\"caption\":\"Editor\"},\"description\":\"Joe Bright Nyarko Journalist\/Communication Researcher. Environment & Sustainability Advocate. Managing Editor of aptnewsghana.com, a non-profit news portal with bias towards environment and sustainability issues, rural development policies and gender & inequality.\",\"sameAs\":[\"Joe Bright\"],\"url\":\"https:\/\/www.aptnewsghana.com\/index.php\/author\/aptnewsghana_dm662qsx\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"BoG rules out fixed exchange rate regime to check cedi fall - Apt News Ghana","description":"Exchange rate, some importers push for the fixed exchange regime to help deal the blips in the cedi\u2019s value to the major trading currencies.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/","og_locale":"en_US","og_type":"article","og_title":"BoG rules out fixed exchange rate regime to check cedi fall - Apt News Ghana","og_description":"Exchange rate, some importers push for the fixed exchange regime to help deal the blips in the cedi\u2019s value to the major trading currencies.","og_url":"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/","og_site_name":"Apt News Ghana","article_published_time":"2019-01-29T09:03:56+00:00","article_modified_time":"2019-01-29T09:04:03+00:00","og_image":[{"width":640,"height":399,"url":"https:\/\/www.aptnewsghana.com\/wp-content\/uploads\/2019\/01\/BOG-Dr-Addison.jpg","type":"image\/jpeg"}],"author":"Editor","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Editor","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/#article","isPartOf":{"@id":"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/"},"author":{"name":"Editor","@id":"https:\/\/www.aptnewsghana.com\/#\/schema\/person\/26a4fa2e1ccac2c31f11b3186d0240fa"},"headline":"BoG rules out fixed exchange rate regime to check cedi fall","datePublished":"2019-01-29T09:03:56+00:00","dateModified":"2019-01-29T09:04:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/"},"wordCount":289,"commentCount":0,"publisher":{"@id":"https:\/\/www.aptnewsghana.com\/#organization"},"keywords":["BOG"],"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/","url":"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/","name":"BoG rules out fixed exchange rate regime to check cedi fall - Apt News Ghana","isPartOf":{"@id":"https:\/\/www.aptnewsghana.com\/#website"},"datePublished":"2019-01-29T09:03:56+00:00","dateModified":"2019-01-29T09:04:03+00:00","description":"Exchange rate, some importers push for the fixed exchange regime to help deal the blips in the cedi\u2019s value to the major trading currencies.","breadcrumb":{"@id":"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.aptnewsghana.com\/index.php\/2019\/01\/29\/bog-rules-out-fixed-exchange-rate-regime-to-check-cedi-fall\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.aptnewsghana.com\/"},{"@type":"ListItem","position":2,"name":"BoG rules out fixed exchange rate regime to check cedi fall"}]},{"@type":"WebSite","@id":"https:\/\/www.aptnewsghana.com\/#website","url":"https:\/\/www.aptnewsghana.com\/","name":"Apt News Ghana","description":"Your Coverage","publisher":{"@id":"https:\/\/www.aptnewsghana.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.aptnewsghana.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.aptnewsghana.com\/#organization","name":"Apt News Ghana","url":"https:\/\/www.aptnewsghana.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.aptnewsghana.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.aptnewsghana.com\/wp-content\/uploads\/2018\/12\/aptnewsghana-logo-1-e1546185192805.png","contentUrl":"https:\/\/www.aptnewsghana.com\/wp-content\/uploads\/2018\/12\/aptnewsghana-logo-1-e1546185192805.png","width":320,"height":107,"caption":"Apt News Ghana"},"image":{"@id":"https:\/\/www.aptnewsghana.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.aptnewsghana.com\/#\/schema\/person\/26a4fa2e1ccac2c31f11b3186d0240fa","name":"Editor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.aptnewsghana.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bf711d428bc8613649773651afe632ce7b73d253d98f0e9ed26da056197e99b5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bf711d428bc8613649773651afe632ce7b73d253d98f0e9ed26da056197e99b5?s=96&d=mm&r=g","caption":"Editor"},"description":"Joe Bright Nyarko Journalist\/Communication Researcher. Environment & Sustainability Advocate. Managing Editor of aptnewsghana.com, a non-profit news portal with bias towards environment and sustainability issues, rural development policies and gender & inequality.","sameAs":["Joe Bright"],"url":"https:\/\/www.aptnewsghana.com\/index.php\/author\/aptnewsghana_dm662qsx\/"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.aptnewsghana.com\/wp-content\/uploads\/2019\/01\/BOG-Dr-Addison.jpg","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9MOQw-By","_links":{"self":[{"href":"https:\/\/www.aptnewsghana.com\/index.php\/wp-json\/wp\/v2\/posts\/2328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.aptnewsghana.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.aptnewsghana.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.aptnewsghana.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.aptnewsghana.com\/index.php\/wp-json\/wp\/v2\/comments?post=2328"}],"version-history":[{"count":1,"href":"https:\/\/www.aptnewsghana.com\/index.php\/wp-json\/wp\/v2\/posts\/2328\/revisions"}],"predecessor-version":[{"id":2330,"href":"https:\/\/www.aptnewsghana.com\/index.php\/wp-json\/wp\/v2\/posts\/2328\/revisions\/2330"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.aptnewsghana.com\/index.php\/wp-json\/wp\/v2\/media\/2329"}],"wp:attachment":[{"href":"https:\/\/www.aptnewsghana.com\/index.php\/wp-json\/wp\/v2\/media?parent=2328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.aptnewsghana.com\/index.php\/wp-json\/wp\/v2\/categories?post=2328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.aptnewsghana.com\/index.php\/wp-json\/wp\/v2\/tags?post=2328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}