Dr. Mahamudu Bawumia, the flagbearer of Ghanas New Patriotic Party (NPP), has announced his intention to stabilize the Ghanaian cedi by backing it with the countrys gold reserves if he wins the upcoming presidential election. He believes that anchoring the cedi to gold will provide much- needed stability to the currency, which currently lacks a strong anchor.
Poster Comment:
He is running for office in Ghana, not the US.