Ghanaians have expressed shock over the sudden decline of the dollar to the Ghana cedis. The cedis has for the past few days appreciate against the dollar causing massive reactions.
As of Tuesday, December 13, 2022, the US dollar depreciated, thereby, trading against the cedi at a buying rate of 10.3948 and a selling price of 10.4052. A few days ago, the dollar was initially selling at GHC14.000.
Abeiku Santana is of the opinion that the prices of fuel and transport fares must be reduced following the decline in the dollar.
“I’m pleading with the Bulk Oil Distributors. The dollar’s value has declined so pls reduce the prices of your fuel. Oil marketing companies should also reduce their prices. Just as the dollar is declining every day, you need to also reduce your prices every day. Drivers and transport operators who have increased their prices, now the dollar is going down, it’s time to cut down your prices. The police also need to start arresting those who are still charging outrageous prices,” he said,
According to the Okay FM presenter, “the worse of all is the fact that at the Ports and Harbours, the exchange rate is still GHC15.000 or sometimes GHC14.00 against the dollar despite the decline in the US currency.”
Source: www.ghbase.com
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