Dr Sa-ad Iddrisu is Economic Advisor to Dr Ato Forson, Minister of Finance
Dr Sa-ad Iddrisu, an Economic Advisor to finance minister Dr Ato Forson has predicted a single digit for the cedi against the dollar.
The US-based economist commended the Bank of Ghana and the Ministry of Finance for collaborating effectively to stabilise the cedi, which, according to him, will soon hit a single digit.
According to Dr Sa-ad Iddrisu, the cedi’s performance against the dollar and other major currencies in the world should be credited to the effective works of both the finance ministry and the Bank of Ghana and not any external factors.
He predicted a single-digit figure for the cedi against the dollar using the popular break the 8 mantra while reacting to comments from some elements within the NPP that the performance of the Ghanaian currency is only temporary.
“Given the effective policies implemented and the strong policy coordination between the Ministry of Finance and the Bank of Ghana, the cedi will no doubt break the 8 against the dollar,” Dr Sa-ad Iddrisu said.
