A National Democratic Congress (NDC) lawmaker has predicted the stability of the local currency against the major international trading currencies, especially the Dollar.
The Member of Parliament (MP) of Yapei-Kusawgu Constituency, John Abdulai Jinapor, said he foresees the Cedi stabilising in 2023.
The former Deputy Power Minister said, however, that the Cedi will not improve as a result of prudent economic measures by government but as a result of worsening financial crunch.
He said most Ghanaians, due to the crunch, will shy away from spending because there will be lack of cash in the system and they will be plunged into abject poverty.
He, therefore, said the economic crisis will be more biting next year and there will be a lot falling below the poverty line.
He was speaking on The Keypoints on TV3/3FM on Saturday, December 10.