We Are Working On Rising Inflation, Cedi Depreciation – Bawumia Explains How; Check Details

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The Vice President, Dr. Mahamudu Bawumia has stated that the current government and the Central Bank of Ghana is working hand in hand to ensure the stabilization of the cedi.

Dr. Bawumia added that the Bank of Ghana has started implementing a number of policies that is aimed at address the country’s rapid inflation rate which has currently risen to 33.9%.

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Speaking with a Kenyan television station, Dr. Bawumia said the Nana led administration is dealing with these economic issues in the context of a squeezed budget.

Indifferent to this fact, the Bank of Ghana is pulling strings together to get the issue of concurrent inflation under control by increasing a number of interest rates to solve the menace.

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