Question Two The Ghanaian economy has been classified as import dependent country due to the fact that most of the goods used in the country are imported. It is believed that the increasing importation is one of the main cause of the depreciation of the local currency, the cedi. The Covid-19 pandemic has reduced the importation to the country drastically due to the closure of borders in many countries and the expectation of businesses were that the cedi will gain some value over the period. Contrary to the expectation, the cedi has still been depreciating even with less importation. With your knowledge in international finance and banking, discus four (4) reasons responsible for the situation in Ghana suggestion solutions to each cause identified. [10 Marks)