You probably check the exchange rate before buying anything online. But a Ghanaian political commentator says we really need to stop tweaking those numbers by hand. He thinks the open market should call the shots instead.
Right now, officials try to pin down what a dollar costs each morning. He argues that this kind of control misses how money actually moves in and out. Real trade and outside investments should really drive that number.
Think about local businesses that sell goods abroad. They bring home dollars, and if the rate is forced down, they end up with fewer cedis in their pockets. That setup really hurts the folks bringing foreign cash back home.
Keeping the money stable matters, but it can’t come at the price of hiding the truth. Letting the economy speak for itself might feel bumpy at first. Over time though, it builds a much stronger foundation for everyone.
