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The opposition National Democratic Congress (NDC) on Thursday held a lecture to give the state of the economy and to respond to some issues raised by Dr Mahamudu Bawumia, Vice President of the Republic of Ghana.

Dr Bawumia during a Town Hall Meeting had said it is “warped” logic to say the fact that there has been a fall in the value of the cedi means Ghana’s economic fundamentals are weak.

According to him, the cedi is performing better than it did during the NDC administration.

However, the NDC citing Bloomberg said the cedi is still depreciating. Bloomberg’s figures showed that the Ghana Cedi was GHS5.30 to 1$.

Speaking in an interview on Citi Eyewitness News, NDC Member of Parliament for Ketu South, Fifi Fiavi Kwetey said records prove the NDC did better than the NPP

“Beyond all these, we took time to explain things systematically. Record for record, NPP cannot come anywhere near the NDC. All these attempts to claim that they are the better managers of the economy, we have demonstrated that that’s not the case. In our records; it doesn’t mean we solved all the problems but compared to the NPP…they actually have nothing to talk about. Our record as presented at the lecture shows everything the NDC has done,” he said.

Responding to this on the same platform, Dr. Gideon Boako, spokesperson for Vice President, Dr. Mahamudu Bawumia wondered why the opposition NDC is quoting Bloomberg when they can get a conclusive data from Bank of Ghana.

"Why are you using Bloomberg data to say that the currency is the worst currency? The reference data for Ghana is the central bank. The central bank is our reference data point and I find it so ridiculous the people who have been in government before go to commercial platforms which has highly volatile data and which aggregates data to compute their rates that are inconclusive…in Ghana, we don’t use Bloomberg data," he indicated.