Economy and Policy Analyst, Enoch Okomfo Okonah on Thursday July 4 says the structure of the nation's economy is fundamentally responsible for the continuous fall and depreciation of the Ghana cedi.

"Ghana's economy is import driven and that makes our country susceptible to fluctuations on the international market.

"These susceptibilities include commodity price hikes on the international market such as Brent, sugar, cotton", Mr Okonah told Sompa FM in Sunyani.

These commodities specifically Brent has inelastic demand hence a change in price will not alter significant change in the quantity demanded.

That, Mr Okonah, also the Chief Executive Officer of DUMAT Africa, implied that "importers would have to look for more US dollars to import the same quantity they used to import without any alteration in quantity"
Sompaonline.com/K.Peprah