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The move is expected to help curb the free fall of the Ghana Cedi against the dollar and other major currencies.
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In an interview with Accra-based Citi FM, the Information Minister opined that 750 million dollars of the amount is expected from Afremix Bank and the remaining $1.3 billion from the cocoa syndicated loan.
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“The Bank of Ghana introduced a number of measures in the short term to deal with it and on the back of that… the $750 million that we were expecting, all the paperwork has been concluded, and it should be hitting our accounts today or tomorrow.”
“If I were you, and I was holding onto dollars, I would be selling them by now because there is a lot more dollar coming in from the $750 million and also from the Cocoa Syndicated Loan of about $1.3 billion,” the minister said.
Kojo Oppong Nkrumah further stated that government is of the belief that the money coming in will lead to quick stabilisation of the Cedi.
