Home   >   Business   >   Economy   >   201903
Exchange Rate Will Expose You When You Manage The Economy With Text Books – Dr. Bawumia Fired   
  << Prev  |  Next >>
Comments ( 7 )     Email    Print
Related Stories
A Communication team member of the opposition National Democratic Congress [NDC] in the Ashanti Region, Kwaku Asafo Agyei has described members of the ruling New Patriotic Party [NPP] as liars.

According to him, the fiscal stature of the Ghanaian economy tells the caliber of leaders we have voted into power.

“This shows their words during the 2016 general elections especially their promises were just talks to win power, but not critically analyzed to be implemented when they are voted for,” he said.

Speaking to UTV’s late news bulletin on former President Mahama’s call for a stakeholder forum to save the economy, the NDC communicator said that will be the best decision to hold the leaking and hard economic conditions instituted by President Akufo-Addo and his most intelligent Vice-President, Dr. Mahamudu Bawumia.

He mentioned that his advice to Dr. Bawumia who believes himself to be the best economist is to put proper structures in place to stabilize the economic conditions than wanting to use approaches in text books to manage the economy.

“Indeed text book theory used by the Vice-President on economic analysis is totally different from the actual practicalities on the ground . . . I am also telling him today that he can also engage in making all the noise and lectures, but the exchange rate will expose him if he manages the economy with text books knowledge,” he said on UTV.

Source: Elizabeth Semiheva Bedi/Peacefmonline.com

Comments ( 7 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video

Name: sintim
The teacher who prepared 170 questions for public consumption should have answers. Dr. Fundamentals will expose you, talk is cheap, can you explain why this mess. Ghana's biggest problem is always allowing the classroom certificate to rule.A former British prime minister was an ordinary level holder and did very well. Dr. bawuliar and incompetent please stop using theories to govern and face the realities. Do not use indicators from the book. Please go to your hometown in the north ask few questions and with the help of statisticians, gather data and compare to your previous pronouncement to help you answer the 170 questions.
Name: yep
We have to arrest the IGP for allowing himself to be bribed. After Bawumia has arrested the cedi and giving him the keys for save keeping, he has giving it to the NDC. Chaiii, karma is a bitch. I wonder what the topic for next lecture will be. Can somebody guess?
Name: Yaw
Exactly. ***barred word*** veep. Kwasiakwa. Wasted sperm
Exchange rate responds to bad economic fundamentals and also global dynamics. The fall of the cedi during the NDC era was in response to bad management of the economy. There was no global exchange rate issues then but what is happening now has a global impact even many strong economies like Norway, UK etc have suffered the jolt. Look at how inflation has stabilized even in the midst of the fall you're happy about. IT SURELY WILL BE WELL. SHHH AAAAAAAAAAAAAAAAME
Name: @Exchange Rate is not the only indicator
Masa, make we hear oooo!!! If you need to be reminded. the dollar/Pound/Euro & CFA are running with the Cedis trying everything possible to catch up...If you do not know that is what is messing our lives up and not the interest rates, GDP, reserve players, trade balance or change you are talking about..... Stop pretending and call a spade a spade....... You are confirming exactly what the man is referring to..In the text books GDP, Interest rates and the coominini's are good.....but when you leave the class room into the world or market, it is the exchange rate the changes the price of something you bought at Gh¢ 1 to Gh¢ 2 the next morning!!! Political ideology slave!!!
Name: Exchange Rate is not the only indicator
I get worry when people who are suppose to know pretend. Is exchange rate the only economic indicator? What happen to interest rate, deficit, GDP growth, balance of trade, reserve, inflation.
Name: Jay
Where's is Dr Bawumiah? Talk is cheap.

Post A Comment