Senior Fellow (IEA) Dr. Vladimir Antwi-Danso
The Institute of Financial Affairs (IEA) is urging the federal government to enhance the current appreciation of the Ghana cedi with a powerful push towards home manufacturing and export-led development, warning that the foreign money’s beneficial properties could also be short-lived with out structural reforms.
Talking at an IEA public discussion board on the subject “Trump Tariffs: Implications for Africa and Ghana”, Senior Fellow Dr. Vladimir Antwi-Danso cautioned that whereas the present stability of the cedi is nice information, it’s not a long-term resolution to Ghana’s financial vulnerabilities.
“We should try to be an export financial system, and that’s the solely method you stabilize your foreign money. That’s the solely method you make the opposite foreign money decrease or stronger,” Dr. Antwi-Danso acknowledged.
He added that the appreciation of the cedi, if not backed by actual sector efficiency, significantly elevated home manufacturing and exports, could quickly reverse.
“What we’re doing is that we’re not stabilizing completely—we’ll relapse. By December, I imagine we’ll relapse. And I am saying this from a technical standpoint, not as a political remark. What I’m attempting to say is that it isn’t but ‘hooray’ for a cedi type of appreciation,” he warned.
The discussion board, organized by the IEA, introduced collectively economists, policymakers, and members of the diplomatic and enterprise communities to discover the implications of worldwide commerce dynamics on Ghana’s financial prospects. The dialogue highlighted the necessity for sustainable financial methods that scale back reliance on imports and construct resilience by value-added exports and industrialization.
Because the cedi sees non permanent beneficial properties, the IEA’s name echoes broader considerations from economists who stress that structural reforms—quite than short-term financial fixes—are key to lasting stability.
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