John Dumelo, a businessman, has praised the strengthening of the cedi against the dollar.

He hopes the cedi keeps rising so that forecasts for 2023 will be helped.

This was announced by John Dumelo via a tweet.

"I can see the cedi has made big gains against the dollar," he remarked.I hope it keeps going like way.For the estimates for 2023, we require some forex stability.

According to the Bank of Ghana's currency rate, the dollar is now trading at GHC8 and GHC7.

It is difficult to pinpoint the cause of the cedi's continuous rise against the dollar, but it may help to recall that Ghana's vice president had anticipated significant gains for the currency.

At a function where he spoke, he said government was putting in place measures to ensure that the cedi makes huge gains.

He was optimistic that fuel prices will also drop drastically adding that living standards will come to normalcy.