Finance Minister Mr Ken Ofori Atta has told Parliament during the presentation of the mid year budget statement that that for the first time in the history of the fourth republic, the exchange rate did not see a spike after an election year.
He explained that cumulatively, from the beginning of the year to date the exchange rate has depreciated by 0.6 per cent against the US dollars and appreciating by 3.6 per cent against the Euro.
“For the first time in the fourth republic the exchange rate did not see a spike after an election year.
“Cumulatively, from the beginning of the year to date the exchange rate has depreciated by 0.6 per cent against the US dollars and appreciating by 3.6% against the Euro,” he stressed.
Source: 3news.com
Disclaimer: MyGhanaMedia is not responsible for this report and its content.There are four types of content published on MyGhanaMedia daily: curated content; syndicated content; user-generated content; and original content.
Send your news stories to myghanamedia@gmail.com and Chat with us via WhatsApp on +233200818719