The 10.94 Cedi to 1 USD Paradox: Macroeconomic triumph, the import subsidy trap, and the threat to youth employment

A recent assertion circulating among Ghanaian youth and entrepreneurs poses a fundamental economic question: Is the current exchange rate of approximately 10.94 Cedis to the US Dollar literally killing local jobs by making imported products drastically cheaper than locally manufactured goods? To answer this objectively, the conversation must first acknowledge the unprecedented and highly successful macroeconomic rescue orchestrated by the current administration.

By Isaac Yeboah