Alex Wortorgbui is the head and lead facilitator economist who understudies the economic tendencies and predicts with accurate insight using available collated data.
Alex and his team from the center for socioeconomic studies have made an astounding revelation on the cedi, predictable faith in the a month.
This $1.5 billion Eurobond maturing on September 15, 2022, will swallow up the $750 million and a huge chunk of the expected $1.3 billion cocoa syndicated loan that’s even if it will come in before the Eurobond maturity date, they have predicted more woes for the Cedi and the economy.Â
Possible default staring Ghana in the face In case you do not know, Ghana has a total of $1.5 billion Eurobonds maturing on September 15, 2022.
This is expected to exert more foreign exchange demand pressure on Ghana, thus further pressure on the Cedi. It will ply more economic distress of the cedi in transactional businesses.
Though the Ghanaian economy has received an injection from the International Monetary Fund [IMF] buy that won’t be enough to secure the foundations of the economy with the Cedi being its solidify as predicted by the center for socioeconomic studies respectively.
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