international finance

a. We all know maths; GH4.20-GH5 is 19% depreciation, not 6%' - an MP to government. "The thing was 4.20 (cedis). Now, in 18 months since we came, it is 5 cedis. At some places, it is even 5.20! What is the government official talking about? If you look well, 80 pesewas has come to join it. Simple mathematics is 80p over [divided by] GH 4.20p times [multiplied by] 100 (%), it gives you 19%! So how can he say it is 6%?" Required: Comment on the analysis and magnitude of the depreciation of the cedi in the story above. 3 MARKS b. AngloGold Ashanti is a global gold producer headquartered in Johannesburg, South Africa with significant operations in Ghana. Identify and discuss the types of exchange rate exposures that AngloGold Ashanti might face. Use examples to illustrate how AngloGold Ashanti might face any of the exchange rate exposures you identify. 12 MARKS