{"id":50449,"date":"2014-09-23T16:56:13","date_gmt":"2014-09-23T16:56:13","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=50449"},"modified":"2014-09-23T16:56:13","modified_gmt":"2014-09-23T16:56:13","slug":"revised-forex-rules-did-not-flop-bog","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=50449","title":{"rendered":"Revised forex rules did not flop-BoG"},"content":{"rendered":"<p>The Governor of the Bank of Ghana (BoG) has dismissed assertions that the new and revised foreign exchange rules introduced in February this year and scrapped recently was a policy flop.<\/p>\n<p>The central bank on August 8 announced it had scrapped a number of the foreign exchange rules it introduced on the 4<sup>th<\/sup> of February this year.<\/p>\n<p>The new rules were introduced as part of measures to arrest the cedi from further fall.<\/p>\n<p>A number of stakeholders have indicated the move was a flop considering the fact that the cedi depreciated further after the introduction of the new rules.<\/p>\n<p>But Central bank Governor, Dr Henry Wampah tells <b>Citi Business News<\/b> he disagrees.<\/p>\n<p>\u201cI don\u2019t agree. I think there were objectives for that. The reason why we had to reverse most of them was because we felt there were implementation problems. People did not understand the issues.\u201d<\/p>\n<p>According to him, \u201ceven with some, there were misapplications and so on. So we thought the best for the economy will be to reverse those rules.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>By:\u00a0 Anim Kwaku Boadu\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Governor of the Bank of Ghana (BoG) has dismissed assertions that the new and revised foreign exchange rules introduced in February this year and scrapped recently was a policy flop. The central bank on August 8 announced it had scrapped a number of the foreign exchange rules it introduced on the 4th of February [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":29158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[19],"tags":[4],"class_list":["post-50449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-health","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/50449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50449"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/50449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/29158"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}