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General News of Saturday, April 6, 2019
Source: mynewsgh.com
2019-04-06
Vice President Dr. Mahamudu Bawumia
Professor of Political Science at the Kwame Nkrumah University of Science and Technology (KNUST), Mr. Kwesi Amakye Boateng spoke with Vice President Mahamudu Bawumia about his refusal to provide detailed information on the fall of the cedi during his presentation on the economy.
Speaking at the Pure Fm Morning training session based in Kumasi, he said: "The veep has provided a lot of information during the plenary session, but what saddens me? , it is that he sang only choruses with the participants instead of giving us concrete details about the depreciation of the cedi. It's sad. "
Worried, the lecturer in political science said, "I'm not an economics expert, but I think Ghanaians are very interested in the depreciation of the US dollar."
However, he congratulated the Government for reducing the reference value of import duties in all ports of the country by 50% and 30% respectively for vehicles.
On April 3, 2019, Vice President Mahamudu Bawumia, who heads the Akufo-Addo government's economic management team, briefed Ghanaians on the state of the economy in the country. course of a public meeting on the theme "Our progress, our status, our future".
The Ghanaians were eager to hear Mr. Bawumia, especially as the local currency, the cedi, is being beaten by the dollar and other major international currencies of trade.
On Wednesday, March 20, 2019, for example, the minority declared that in the space of two years, the Akufo-Addo government had added GHS 80 billion to the outstanding Ghana debt, adding that the Falling local currency had added 15.3 billion GHS to the bill.
The faltering cedi has almost hit the $ 1 mark: GHS6 this month, but has recorded gains to stay at $ 1: 5.65 GHS after the Bank of Ghana injected some $ 800 million into the system. .
According to the parliamentary minority, the decline in the cedi essentially means that Ghana's external debt stock climbed in November 2018 to GHS 101.3 billion at the current exchange rate.
Meanwhile, Bawumia blamed recent cedi depreciation on the guidelines of the International Monetary Fund (IMF) at the Bank of Ghana.
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