Dean of UCC Business School criticizes Central Bank’s ‘desperate’ warning to speculators
Prof. John Gatsi, Dean of the University of Cape Coast Business School, has criticized the Central Bank's recent warning to currency speculators as a "desperate" move. The Central Bank cautioned that those betting against the cedi would regret their actions, but Prof. Gatsi believes this approach is misguided. Prof. Gatsi argues that instead of issuing threats, the Central Bank should implement measures to make speculation less profitable. He emphasizes that speculators are legitimate market players who capitalize on market conditions, whether in forex, stocks, bonds, or futures, to make a profit. "In the context of the cedi's depreciation, speculators are...
