The Traders Advocacy Group is urging government to continue her move on clamping down on persons that do illegal trading with the dollar that has caused it to rise against the cedi.
According to the group,the move is one of the prudent measures to address the cedi depreciation as the forex market has witnessed a fall in the cedi dollar rate since yesterday.
A dollar to cedi now buys at 14gh and sells at 14gh 50 pesewas as against last week that stood at 16 cedis to buy a dollar.
Speaking to Omannews, President of the Traders Advocacy Group Mr David Amoateng who spoke on the fall of the dollar to the cedi attributed the feat to the clamp down on illegal black market and urged government to continue with such moves.
