A former Director General of the National Development Planning Commission (NDPC), Dr. Nii Moi Thompson says the government must take practical steps in addressing the depreciation of the cedi.
He said the situation cannot be tackled successfully with “flawed and politicized analysis or through public lectures.”
In an article highlighting the cause of the country’s currency and proffering some solutions, Dr. Thompson indicated that the situation has been significantly addressed if government cuts down on its foreign expenditures including foreign trips.
“It is clear that the cedi’s woes cannot be addressed successfully with flawed and politicised analyses, or through public lectures full of sound and fury that signify nothing. Addressing those woes will, instead, require sober reflection, a clear vision of the cedi’s and the economy’s future, sound policies, and disciplined action, all of which will certainly transcend governments,” he said.
CBN
