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Cedi depreciation: Government plans to raise US$2 billion capital for economy – Report

Government is planning to raise a capital of US$2 billion which will be pumped into the Ghanaian economy to sustain it and deal with the depreciation of the cedi as well as persistent fuel price hikes.



Government earlier said the key agenda for the Cabinet retreat was to find pragmatic measures to deal with the escalating fuel price hikes, passage of the Electronic Transaction Levy, depreciation of the cedi and general economic challenges.

The report added that the Ministers responsible for Finance and Energy have been tasked by government to immediately find solutions to deal with the challenges.

Another topic on the agenda at the just ended retreat was government’s decision to ease land border restrictions which are yet to be spelt out by President Nana Addo Dankwa Akufo-Addo and COVID-19 related protocols imposed on the airports.

Author: umsdigital

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