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Illegal currency dealers arrested

    ABIDJAN

    Some 36 illegal currency dealers were arrested in Ghana on Tuesday, PANA reported on Wednesday.

    It quoted Police Superintendent Kofi Boakye as saying that the crackdown was aimed at helping the government in its efforts to curb the fast depreciation of the cedi, which plunged from 3,500 to the US dollar at the start of the year, to about 6,000:1 this week.

    However, economists blame the depreciation on the failure of economic and financial managers to develop a culture of sustainable internalised fiscal discipline, PANA said.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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