Vice President Dr Mahamudu Bawumia says Ghana’s Cedis under the Mahama-led administration was running faster than Jamaican former sprinter, Usain Bolt.
According to him, his government has rescued the situation which could have collapsed the country’s economy.
“The cedi exchange rate under the NPP (2017-2019) is twice as stable as it was under NDC (2013-2016) - average depreciation of 18% compared to 8.7%),” Dr. Bawumia said.
Adding that, “Under the NDC, our currency was depreciating at the speed of Usain Bolt! Under the NPP we have arrested the rapid depreciation of the cedi,"
"But why does the NDC, in the face of such incontrovertible evidence, keep insisting they can do a better job of managing the cedi?"
"Ladies and Gentlemen, it is like you take an exam with somebody and he scores 40% and you score 80% and he is trying to convince people that he knows the subject better than you."
Speaking at the Government Town Hall Meeting in Kumasi today on the achievements of the Nana Akufo-Addo government in three years, Dr Bawumia explained that Data from the Central Bank, shows that the NPP has managed an annual depreciation rate of 8.7% - the best by any government in their first term, while the most recent NDC government under John Dramani Mahama, registered an annual depreciation rate of 18%, more than twice what the NPP has managed, which means the rate of depreciation of the Cedi under the NDC between 2013 and 2016 was more than twice under the NPP.
Source: King Edward Ambrose Washman Addo/Peacefmonline.com/Ghana
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Bawumia always comes out with better arguments. With many not being able to counter resort to insults. The man is focused and know where he is driving the economy. No doubt there is always a stampede to listen to him.
GHANAIANS AND ***barred word***. THIS MAN IS STILL TALKING. FUNNY
I doubt if Aluta is realistic! Defending the NDC? Incredible! What roads are you talking about? The 5 billion that jumped to 11 billion Cedis with nothing to show? Why on earth will someone ever defend the dead goatt? Mahama eats corruption, drinks corruption smokes corruption and breaths corruption. Why on earth does he want to be a president again? Simple! To get back the aluminum deposit. He only used Ibrahim as a frontman. All the ***barred word*** that went on under him was for himself. How pathetic, mother Ghana!
The cedi under mahama was running faster than Usain Bolt as you have alleged because the government under John Mahama was working hard to transform the lives of ghanaians by providing first class projects such as roads (eg Nkrumah circle interchange) harbours (Tema), Ports (terminal 3) hospitals and chip compounds (ridge), 123 school buildings) etc,etc. Security in Ghana was first class in Africa and even better than UK, France and the USA. Businesses were flourishing high in Ghana unlike the today under the NPP nothing, absolutely nothing is working. No any serious projects to boast off, businesses are collapsing even with full electricity supply and workers cannot have salaries that will take them home to feed their families. Internal security is worse of than Nigeria now and we are in the realms of Burkina Faso. Corruption has become the order of the day. h NPP, I weep for mother Ghana
All this Ndc people know is corruption. From their commander and king of corruption John Mahama down to the foot soldiers. Bawumia is sharp. Ghana is blessed.
Airbus and Ford bribe takers are not happy. Tieving ndc
This ediot thinks life in Ghana for we the ordinary people is about NDC/NPP politics. We are suffering and you are doing politics. How does your politics put money in our pockets. You never told us when we voted for you you will still continue with your bogus political rhetoric.
Typical ndc zombie speaking from your backside. Talk with data and stop the usual propaganda laced with insults.
***barred word*** economics fundamentalist. Bewumiliar like you. Shame on you
Bawumia is trickster economist. You think Ghanaians wash our faces upwards? You’ll see rheyrue data on the7th of December, 2020