Business

Profit flight: The bane of Ghana’s cedi depreciation

“When the fundamentals are weak, the exchange rate will expose you,” remarked Dr. Mahamudu Bawumia, the then Running Mate of the New Patriotic Party (NPP). The truth in this statement was however never explained by the NPP’s purported economic wizkid. While the statement highlights the vulnerabilities of an economy, the implications remain underexplored, especially when […]