Prof. John Gatsi, the Dean of the University of Cape Coast’s Business School was exposed on City Tv’s Point of View with Bernard Avle as host, for cooking up figures on key economic indicators on Wedneday, 22nd January, 2020.
Prof. Gatsi who was Head of Finance Department at the university until his elevation to a dean churned out figures which were disputed by his co-panelist, Dr. Gideon Boako.
Prof. Gatsi, in his submission on the state of the economy said that the cedi has performed poorly against the dollar, saying the Ghanaian currency is trailing the US dollar at 5.7.
The Spokesperson for the Vice President, Dr. Gideon Boako quickly drew Prof. Gatsi’s attention to the falsity in his figure.
According to the economist, a dollar goes for 5.5 cedis, and not the 5.7 cedis Prof. Gatsi alluded to.
As if that was not enough, Prof. Gatsi also indicated that the end of 2016 figure of the cedi to the dollar was 3.9. Once again, Dr. Boako had to step in to expose him for another lie he had peddled.
Dr. Gideon Boako stated and quoted Bank of Ghana’s official figure as 4.2 cedis to the dollar. He went on to school Prof. Gatsi on the performance of the cedi, detailing how the cedi had fared against the dollar under various regimes.
In the final analysis, Dr. Boako showed, with empirical facts, how the Akufo-Addo administration, in three years, has performed far better than the NDC in the never-ending cedi/dollar war.
Prof. John Gatsi is rumored to be highly interested in the running mate slot of John Mahama as elections 2020 approach.
Many believe that his sudden interest in going on radio and television to speak for the NDC is a calculated move to catch the eye of the party’s presidential candidate.
Source: P.K. Sarpong / [email protected]
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Prof Gatsi is a strong NDC man and that's why you always hear him on GBC news always called by the NDC people in the newsroom to speak on issues during live news broadcast. Do you hear Professors in Econs and Finance from the other universities invited to speak on GBC? Even in UCC there are other prprofessors it they are not incited invited. ITS ALWAYS PROF GATSI
I am at a loss. Who goes to the bank to buy £ and $? We should be looking at the real economy than to use figures that is convenient. Those claiming that Gatsi should use the banking rate are dellusional. The forx bureau market is the real exchange rate determner. The banks do not even have $1000 for you. You will have to wait for about a week and the rate is only for the banks to make money the have not worked for. The one who wrote the headline either cannot do analysis or has got a problem with the truth.
Academies such as Prof. Gatsi because of lies and propaganda always send the country into collapse .They are causes of Ghana'a woes . shame prof. Gatsi and his NDC liars Visit university Business school and you will realized that due to bad and incompetent leadership common washrooms has been closed because of faulty pumping machine .Such pro will leave his core mandate and spew lies to gain unfair academic advantage which is contrary
PROF GATSI WAS ON THE PROGRAMME AS AN ECONOMIC PROFESSOR AND NOT NDC REP,SO I WAS SURPRISED HE WAS USING FOREX FIGURES FROM THE BLACK MARKET INSTEAD OF THE OFFICIAL FIGURES USED FOR ACADEMIC DISCOURSE. HIS PERFORMANCE WAS DISAPPOINTING TO SAY THE LEAST. AT A POINT I THOUGHT HE WAS NOW A PARTY SPOKES PERSON. PROF GATSI MUST NOT ALLOW POLITICS TO RUIN HIS HARD WON ACADEMIC CREDENTIALS.
This is a very ***barred word*** piece! Peacefmonline.com must stop posting every ***barred word*** on their site. We have a black market rate, which is affecting the economy negatively. Every SHS economics student knows that. Trying to accuse to impugn the authority of the dean is pure mischief.Gideon Boako, is one of the several ancient liars in the economic team of the NPP. We are talking about a government that has set up a tea drinking committee to investigate the free fall of the cedi, that should tell you something.
Dear Sly, in the world of academia, when you decide to quote figures to support your assertions, your figures must be absolutely accurate without room for ambiguity. A Dean of an educational institution is aware of this so to do otherwise brings his credibility and level of intellectual capacity into question. How will such a person represent Ghana positively on the international scene if he is willing to compromise the truth even at such low level discussion? For your information in most parts of the world the so called "black market" exchange rate is illegal tat is why in Ghana you have both the banks and the forex bureaus as the legitimate places to change money.
The question is how much of cedi an ordinary person can exchange for a dollar in the real terms(black market)? This is reality as against book figures. This writer has an agender the degrade Prof. Gati Where is the flooring?
Dr. Gideon Buako is one of the best financial experts in Ghana now.NDC is a party full of political liars. Greetings to my one and only Boss P.K Sarpong ,the man full of wisdom.