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Economic challenges due to high exchange rate – ISSER

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The Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana has attributed rising labour agitations, high business costs, and the collapse of some businesses to the high foreign exchange rates and inflation.
This finding is sourced from the Institute’s assessment of the recent mid-year budget review presented by the Minister of Finance, Dr. Mohammed Amin Adam.
According to the report, in the first half of 2024, the cedi depreciated by 18.6% against the US Dollar, 17.9% against the Pound Sterling, and 16.0% against the Euro.
In 2023, the cedi depreciated by 27.8% against the US Dollar, 31.9% against the Pound Sterling, and 30.3% against the Euro.
In 2022, the cedi depreciated by 30.0% against the US Dollar, 21.2% against the Pound Sterling, and 25.3% against the Euro.
“This suggests some stabilization of the exchange rate over the past three years,” the report stated.
The report added that, aside from January, the cedi was generally more volatile against major foreign currencies (Dollar, Euro, and Pound) in the first half of 2024 compared to the same period last year.
Despite the increased volatility in 2024, the cumulative depreciation rates were relatively lower. The report urged the government to take further steps to reduce the rate of cedi depreciation against major trading currencies and to increase exports to lessen the demand for foreign exchange.
“It also recommended that the central bank enforce forex regulations more strictly and increase its presence in the exchange rate market.
With respect to inflation, the Institute referenced June 2024 inflation, which decreased to 22.8 per cent, adding that it represented a significant drop from the peak of 54.6 per cent in December 2022.
The Institute added: “However, compared to the inflation of 12.6 per cent in December 2021, this figure is still high,”
ISSER urged the government to examine the commodities driving inflation and commit to addressing the underlying factors.
“For instance, improving the road network in areas designated as the food basket of Ghana and reducing foreign exchange rates can help lower transportation costs and fuel costs, consequently reducing food and non-food inflation to single digits”, the report noted.
Source: Citinewsroom.com
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NPP suspends Greater Accra campaigns ahead of “Democracy Under Attack” demonstration

The New Patriotic Party (NPP) has directed all aspirants campaigning in the Greater Accra Region to suspend their campaign activities on August 5 and 6 and instead mobilise supporters for the party’s planned “Democracy Under Attack” demonstration.
The directive was issued by the party’s National Steering Committee in a statement signed by the NPP General Secretary, Justin Kodua Frimpong, on Tuesday.
According to the statement, the decision forms part of efforts to ensure a strong turnout for the demonstration, which is scheduled for Thursday, August 6, 2026.
The party said the protest would begin at 5:00 a.m., with participants expected to gather at the Supreme Court in Accra.
It further directed Regional, Constituency and Polling Station Executives in Greater Accra to work closely to mobilise members and supporters for the event.
“The National Steering Committee is calling on all aspirants currently campaigning across the Greater Accra Region to temporarily suspend their campaign activities on the 5th and 6th of August and join in mobilising support for the upcoming demonstration,” the statement noted.
The NPP appealed to party members and supporters to remain peaceful, disciplined and orderly throughout the protest.
The demonstration forms part of the party’s response to concerns it has raised over issues relating to Ghana’s democratic governance and the justice system.
The NPP leadership expressed confidence that party members would cooperate fully to ensure a successful and peaceful event.
By: Jacob Aggrey
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Speaker Bagbin commissions expanded dialysis unit in Wa

Speaker of Parliament Alban Sumana Kingsford Bagbin has commissioned an expanded dialysis unit at the Upper West Regional Hospital in Wa to improve access to kidney treatment for people in northern Ghana.
The project, estimated to cost about GH¢4 million, was undertaken in partnership with Sustainable Health Education and Interventions Limited (SHEILD), the Upper West Parliamentary Caucus, the Ministry of Health, the Ghana Health Service and other development partners.


The new facility was inaugurated on Tuesday, August 4, 2026, in Wa. It adds six dialysis machines, supporting equipment and staff training to strengthen renal care services at the hospital.
According to the Parliamentary Service, the expansion is expected to reduce the burden on patients with chronic kidney disease who previously travelled long distances to Accra, Kumasi and other major cities for dialysis treatment.
Commissioning the facility, Mr Bagbin described the project as an important investment in healthcare equity and social justice.
He noted that many families in the Upper West Region struggle to access specialist kidney care because of distance and cost.
“The people of the Upper West deserve to live with dignity. We deserve access to quality healthcare,” he stated, adding that the facility would bring treatment closer to patients and their families.
He commended SHEILD and the other partners for supporting the project and called for continued collaboration to improve specialist healthcare services across the country.
Board Director of SHEILD, Dr Sylvie Anie, indicated that the organisation remained committed to addressing critical healthcare gaps through sustainable interventions.
She explained that the expanded dialysis unit represented hope for patients who had struggled for years to obtain specialised kidney treatment.
Another Board Director of SHEILD, Dr John Nkrumah Mills, stressed that sustainable healthcare required investment in people, systems, partnerships and continuous capacity building.
He noted that the project demonstrated what could be achieved when institutions worked together to improve patient care.
Medical Director of the Upper West Regional Hospital, Dr Philip K. K. Baabiineh, stated that the expanded unit would significantly improve the hospital’s ability to provide comprehensive renal care.
He observed that many patients previously had limited treatment options and often travelled under difficult conditions to receive dialysis.
The Minister for Health, Kwabena Mintah Akandoh, described the project as consistent with government’s efforts to expand specialist healthcare services and reduce regional disparities in access to treatment.
He encouraged stronger partnerships between government, private organisations, development partners and healthcare institutions to address the growing burden of non-communicable diseases.
The Parliamentary Service stated that chronic kidney disease was becoming a major public health challenge in Ghana, driven by increasing cases of hypertension, diabetes, obesity and late diagnosis.
It noted that access to dialysis services remained uneven, with most treatment centres concentrated in Accra and Kumasi, while many patients in northern Ghana faced high transport costs and long waiting times.
The commissioning ceremony was attended by government officials, traditional leaders, Members of Parliament, healthcare professionals, development partners, civil society organisations and community representatives.
By: Jacob Aggrey








