Economist urges BoG to regulate ‘black market’ to ensure exchange rate is sustained

April 23, 2019

Professor of Economics at the Institute of Statistical Social and Economic Research (ISSER) Professor Peter Quartey is urging the Bank of Ghana (BoG) to regulate the operations of the black market in the country.

This according to him will ensure that Ghana’s exchange rate regime is sustainable. He has also proposed a number of measures which he describes as key to finding solutions to the exchange rate volatility in the Ghanaian economy.

He made these remarks at the Graphic Business/Stanbic Breakfast Meeting jointly organized by Graphic Communication Group Limited and Stanbic Bank Ghana.

Prof Quartey in his presentation diagnosed the cedis challenges but provided a number of solutions.  He broke them down into Short, medium and long term measures.

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