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Home Business Business News 202105

Stabilty Of Cedi Against Dollar Not Artificial - Veep's Spokesperson Says It's Unprecedented Amidst Covid-19

31-May-2021
/ Business News, Business
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Spokesperson for Vice President Dr. Mahamudu Bawumia, Dr. Gideon Boako, has urged Ghanaians not to lose confidence in the Akufo-Addo administration.

Speaking on Peace FM's 'Kokrokoo' programme, Dr. Gideon Boako held that the economy is doing well but added there is more room for improvement.

He outlined some economic interventions by the government to salvage the economy.

According to him, in the past five months, Ghana's currency has significantly appreciated against the dollar currency.

He explained, "If any person says it's artificial, it's not true because COVID is not only prevalent in Ghana. You can find COVID in America, Germany, India, Turkey, South Africa among other countries. For 5 months now continuous, the cedi has not registered depreciation and I feel it calls for a national commendation . . . in fact, in the month, the cedi appreciated against the Euro by 5.2 percent. That's unprecedented!"

He also revealed that, due to the good works of President Nana Addo and Vice President Dr. Bawumia, the money accrued to the government through mobile money transactions is over 80 billion cedis.

"As at May or April, the total value of mobile money transactions was 83.8 billion," he stated.

Dr. Gideon Boako was optimistic these interventions and many more are a proof that government is on the right track to develop the country.



Source: Ameyaw Adu Gyamfi/Peacefmonline.com/Ghana

 

 
 

 

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