Honestly, this so-called "success story" with the Ghanaian cedi just shows how much these economies are still trapped by the global financial system. The cedi surges because the Bank of Ghana does what international lenders want and tightens spending, but that never addresses the root issues—it just makes Ghana more dependent on foreign markets. All this talk about exchange rates and foreign support ignores the fact that Ghana should be focusing on building its own industries and reducing reliance on imports, not playing currency games to please global investors. These quick fixes might look good for headlines, but they leave ordinary people at the mercy of global price swings and IMF conditions. If Ghana really wants long-term stability, it should break away from these neoliberal policies and prioritize local control over its economy. Otherwise, the minute the dollar strengthens or demand shifts, the cedi will plunge again and the cycle continues.
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