The Association of Ghana Industries (AGI) is urging the country's economic leaders to solve problems caused by the Ghana cedi's rapid devaluation against the US dollar and other important foreign currencies.

The majority of the nation's domestic manufacturing industries are dying, claims the group, due to the high cost of inputs.

Therefore, it wants the government to move quickly before some industries fail.

Ashok Mohinani, vice president in charge of large manufacturing, told Joy Business at the "AGI BUSINESS FORUM" that the cost of inputs is having an impact on the viability of the regional manufacturing sectors.

He bemoaned how authorities are not communicating with Ghanaians on the cause of the fast depreciation of the Ghana ced and the way forward.

“At the moment, there is quite lot of speculations and the biggest issue is the currency and we are nearly hitting ¢15. I think more communication will be very helpful”.

“Most inputs cost have gone up and the factories are facing issues of sustainability on whether they can survive. But if the government and others will communicate, I think that will calm nerves”, he said.

The Ghana cedi continue to fall and now is presently selling at ¢14.75 to one US dollar.

The government is presently negotiating an economic programme with the International Monetary Fund (IMF) that is expected address the imbalances in the Ghanaian economy.

It is unclear when the dal will be completed.