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Cedi performance best in six years under Akufo-Addo – Ofori-Atta

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The performance of the Cedi against the US Dollar under President Nana Addo Dankwa Akufo-Addo is the best since 2012, Minister of Finance Ken Ofori-Atta has stated.

He said the year-on-year depreciation of the local currency against the Dollar was 4.9 per cent in 2017.

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And this, he further broke down, compares to 9.7 per cent in 2016, 15.7 per cent in 2015, 31.3 per cent in 2014 and 17.5 per cent in 2013.

Watch: Finance Minister delivers Mid-year budget review

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He said from the figure recorded so far, the Cedi is on a path to a strong performance under the Akufo-Addo-led government, better than the four years of John Dramani Mahama.

Mr Ofori-Atta said these on the floor of Parliament on Thursday while delivering the mid-year budget of 2018.

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More to follow…


Source: 3News.com 


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