Kennedy Agyapong, a former Member of Parliament and presidential hopeful for the New Patriotic Party (NPP), has stated that the recent rise in the cedi’s value compared to the US dollar is merely temporary.
Kennedy Agyapong states that the recent rise of the cedi is not a result of any economic experts in Ghana.
He claimed that the cedi is strengthening because the global market is not requiring the dollar as it once did.
Speaking at the Entrepreneurship and National Leadership event held at Central University on Thursday, May 15, 2025, Kennedy Agyapong stated, “It is temporal, it is not any economic gurus in this country that are causing the cedi to appreciate and the dollar to depreciate.
It is the world market that is not demanding the dollars as much as they used to that is why there is no competition and the supply of dollars is exceeding the demand as simple as that”.
He added, “These are basic economic principles, so we have to be careful of what they are saying about interest rates and all those things it is not magic, it is the world economy that is falling apart and the demand for the dollar has gone down”.
"The cedi's appreciation against the dollar is temporary, and it is not due to any economic gurus in Ghana. Rather, it is because the global market is not demanding the dollar as it used to. These are basic economic principles."
— Hon. Kennedy Agyapong pic.twitter.com/HfdArYXaG5
— EDHUB🌍ℹ (@eddie_wrt) May 15, 2025
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