By Kofi Ahovi The Centre for Policy Analysis (CEPA) has called for effective management of the country’s exchange rate to ensure that it avoids the Dutch Disease. At the launched of a document, last week, titled “The Year 2010: From a Cocoa Economy to an Oil Economy,” CEPA observed that the Ghanaian economy appears set to move from what may be called a cocoa economy to an oil economy. “Effective management of the exchange rate will therefore be critical, if oil is to enhance our growth prospects and if Ghana is to avoid the ills of the Dutch Disease,” the executive secretary of CEPA Dr. Joe Abbey cautioned. According to CEPA, Anecdotal evidence has it that some Ghanaians desire that the exchange rate of the cedi reverts to parity with the US dollar, which it believes would be the onset of the Dutch Disease. The Dutch disease is a concept that purportedly explains the apparent relationship between the increase in exploitation of natural resources and a decline in the non oil sectors. Th...