31st May, 2012
The Daily Graphic expresses concern over the continuous depreciation of the cedi against other major currencies and the factors contributing to it. To the paper, the major cause of the cedi's depreciation is due to what it terms, the ‘dollarisation’ of the country's economy. It says the operation of dollar accounts in the country, payment of services in dollars and the economy's high dependence on imports pose a danger to the country's economy. The Graphic therefore suggests that with the soaring prices of goods and industrial unrests, characterised by strikes in the country, government needs to remain focused on its economic management policies and take bold steps to keep the economy stable and strong as the general elections approach.
The Ghanaian Times believes that for Ghana to be on the road to prosperity, citizens need to unite and contribute their quota towards national development. It says the country can move on if individual differences are buried for unity to prevail, citing Malaysia, China and Japan as countries that have developed due to the people's love and hard work. The paper acknowledges the remarkable strides made by government in terms of social infrastructure and provision of basic amenities. This, it says shows Ghana has a bright future.