Dalex Finance — financial services organization whose CEO comments on Ghana's macroeconomic policy, currency stability, and employment challenges.
Joe Jackson, CEO of Dalex Finance, has argued that Ghana's cedi volatility stems from structural leakages in the extractive sector—through service imports, profit repatriation, and capital flight—rather than weak export performance, citing a US$5.1 billion trade surplus in 2024 offset by nearly US$8 billion in outflows. He has also defended the Bank of Ghana's reported losses as necessary to stabilise the economy and curb inflation, and criticised government job-creation efforts as falling short of national needs despite macroeconomic progress.
Economist Joe Jackson argues that Ghana's exchange rate instability stems from structural problems with foreign exchange leaving the economy through service imports, profit repatriation, debt servicing, and capital flight—not from insufficient exports. Despite recording a $5.1 billion trade surplus in 2024, nearly $8 billion left the economy through these channels.
28 April 2026 · Joy Online →
Economist Joe Jackson argues that Ghana's exchange rate instability stems from structural problems with foreign exchange leaving the economy through service imports, profit repatriation, debt servicing, and capital flight—not from insufficient exports. Despite recording a $5.1 billion trade surplus in 2024, nearly $8 billion left the economy through these channels.
28 April 2026 · Joy Online →