Mahama Trolls Bawumia Over Depreciation Of Ghana Cedi

Former President of Ghana, John Dramani Mahama has expressed his utmost displeasure about the economic hardship in the country and the continuous fall of the Ghana cedi against the US Dollars and other currencies in the trade market under the Nana Akufo-Addo led NPP government.

The former president has trolled Vice-President Dr Mahamudu Bawumia, after he bragged that the government has arrested the fall of the cedi as some of the achievement done by the NPP government.

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John Mahama lamented that the continuous depreciation of the Ghana cedi does not augur well for the country.

The 2020 Presidential candidate for NDC also cried out on the worsening economic situations in the country.

Speaking to some NDC supporters, John Mahama said “Under all previous presidents, I never heard anyone claim to have arrested the dollar, jailed it, and locked the doors. No one can arrest the dollar, it is the cedi that must be helped to keep pace with the dollar.”

He added: “Now as we are all witnesses, the dollar has bolted, when asked where it is headed, it said it had been granted bail. When we investigated, it turned out that it was the cedi that had been jailed and the dollar had been bailed.”

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Recall when Dr. Bawumia was deelivering a 40-minute presentation at a town hall meeting to assess the 100 days of President Nana Addo Dankwa Akufo-Addo in office, the Veep said the free fall of the cedi has been arrested, and the keys given to the Inspector General of Police (IGP) for safekeeping.

“When we came in, it [cedi] was running, essentially we have arrested it [cedi], and the IGP has the keys, he’s locked it up, we want to make sure we pursue sound policies to keep the cedi stable, it has appreciated for this year.

“Inflation has come down from 15.4 percent when we came into the office to 12.8 percent now and we’ve restored confidence in the macro economy by anchoring fiscal policy on credibility, clarity, and transparency,” he said.