Economist Professor Bopkin dismisses the coronavirus argument in the relationship between the cedi and the dollar. Speaking on BBC pidgin, Prof Bopkin said:
“De evidence no dey support de claim say de appreciation of de cedi be solely due to coronavirus” Professor Bopkin talk BBC Pidgin.
“Ghana exposure in terms of trade volumes to China be high but other African countries like Nigeria, South Africa, Zambia, the Ghana no be unique.”
“From that perspective you no fit attribute de appreciation of de cedi to de Ghana cedi.
According to Professor Bokpin, “if you check de data, de appreciation of de Ghana cedi start before de announcement of coronavirus. De cedi recovery start before dem declare an global health issue.”
“What dey happen be Bank of Ghana en strategic intervention. Central Bank sheda build dema reserves so say of Ghana sheda shore up dema reserves in preparation for 2020” he add.
