The Institute of Economics Affairs (IEA) has suggested that the Bank of Ghana should build six months of reserves to accommodate the imports within such period to strengthen the exchange rate.
The Institution revealed that such exercise is the way to stabilise the consistent depreciation of the Ghana Cedi.
The Institute of Economic Affairs (IEA) further suggested that adequate reserves could be derived from the country’s natural resources through increased ownership and value addition.
In an analysis ahead of the December elections, the IEA said the exchange rate management should be improved by implementing measures to address the perennial foreign exchange supply-demand imbalance through some of the structural reforms.