Ghana's Vice President, Mahamudu Bawumia, has announced his intention to implement a new exchange rate system that would link the nation's currency, the cedi, to gold, should he be elected as president in the upcoming December elections.
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| Flagbearer of NPP- Dr Bawumia |
Speaking in Accra on Thursday, Bawumia outlined his proposal for a foreign exchange management act that would stabilize the cedi by anchoring its value to gold. He emphasized that this approach would significantly contribute to stabilizing the exchange rate.
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