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Gold-for-Oil programme strengthened cedi – Gov’t

The government claims that the gold-for-oil program helped to lower the nation’s inflation rate, which in January 2023 fell from 54.1 percent to 23.5 percent. The government implemented the program in an effort to combat Ghana’s declining foreign exchange reserves and the local cedi’s depreciation due to oil importers’ desire for dollars. Abena Osei-Asare, the […]