Hassan Ayariga Blames Cedi Depreciation on Dollar Hoarding by Businessmen1 min read

Hassan Ayariga, the founder and flagbearer of the All-People’s Congress(APC), has urgently called on Ghanaian businessmen to cease purchasing and hoarding U.S. dollars as a strategy to increase profits.

Mr. Ayariga, popularly known as Ayaricough, believes that this practice is a primary factor contributing to the recent depreciation of the cedi. He emphasized that hoarding dollars damages the cedi’s value rather than providing financial benefits.

In an exclusive interview with Adwoa Adubia, Mr. Ayariga explained that supporting the cedi would bolster its value, aligning it with other major currencies, thus fostering economic growth and appreciation of the cedi.

Watch the video below;