Director of Research at the Institute of Economic Affairs Dr. John Kwabena Kwakye has urged the government to address the country's exchange rate issues by boosting its export activities.

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This statement was made in response to a discussion about the nation's capacity to secure the second installment of the loan from the International Monetary Fund.

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He said: “The solution is to increase export earnings and maximise the benefits from natural resources.”

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Previously, Professor Peter Quartey, the Director of the Institute of Statistical, Social, and Economic Research (ISSER), conveyed optimism about the nation's capability to reach an agreement with bilateral creditors by February.

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He asserted that such an arrangement would contribute to the stabilisation of the exchange rate.

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“For us to get the second tranche [funds], it is dependent on us getting into an agreement with external creditors.

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"If that happens, then certainly we are likely to see some stability in the exchange rate market and that drives inflation and a lot of activities on the business front. So, if the exchange rate is relatively stable, we are likely to see some gains,” he was quoted by myjoyonline.com.

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