Ghana cannot stable the cedi versus major trading currencies, according to Citizen Ato Dadzie, general secretary of the Great Consolidated Popular Party (GCPP), given all that the nation exports.

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The Cedi keeps losing value in comparison to other currencies, and attempts to stabilize it have not been successful.

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"The truth is that every time Ghana imports, a substantial amount of goods are transported into the nation in containers, yet the majority of these containers ultimately depart Ghana's borders empty.

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The fundamental scientific reality is that air fills an empty container "Exclusive statement to Accra-based Original TV from citizen Ato Dadzie.

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“I guess a lot of analysts and every government knows that this is the way to go, this is not something that is new. It is something that we have been talking about since independence that they should add value to our cocoa, that they should add value to our gold. But what has happened currently is that we have not adhered to such a directive. If we keep going on like this, it will be as if we do not know what we want as a country.”

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He explained that Ghana in its current state needs “a government who will come in and say this is the prescribed way to go and I am going to do it irrespective of the consequences that might confront me as a government. I’m going to do this to safeguard the future of this country…that is the point we have been talking about. If that is done, I think this country will not be the way it is at the moment.”

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He further stressed that the lack of industries to process many of the raw materials produced by farmers is worth looking at.

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"Ghana, therefore, needs to increase her exports of value-added resources so as to earn enough foreign exchange to take care of the difference and shortage within the economy," he said

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He holds the view that" the best indicator for measuring the performance of government should be the percentage of export of the country."

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"Ghana’s Cedi Depreciation headache is that we import everything from toothpick, to sponge. Ghanaians are so much interested in buying and selling instead of producing or manufacturing."

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Today one dollar is exchanged for GHS15 On a daily basis the Ghana Cedi continues to depreciate making it difficult for businesses, importers, and governments to transact international business without losing.

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