[ad_1]
Vice President Dr. Mahamudu Bawumia said that notwithstanding the recent volatility of Ghana's cedi, the data show that it has experienced the slowest depreciation against the US dollar since the first eighteen month since 1993. 19659002] This, he argued, is due to relatively stronger macroeconomic fundamentals, resulting from the implementation of prudent economic policies by the Nana Addo Dankwa Akufo-Addo government.
Citing data from the Bank of Ghana, Vice President Bawumia said the cedi's depreciated against the dollar on a year-over-year basis of 17.5 percent (2012), 14.5 percent (2013). ), 31.3% (2014), 15.7% (2015), 9.7% (2016) and 4.9% (2017)
In addition, the Vice President noted "that the data show also that the depreciation for the first half (6 months) of 2012 is 17.2% (2012), 3.4% (2013), 26.7% (2014), 26.1% (2015), 3 , 3% (2016), 3.7% (2017) and 2.4% in 2018. "
Related articles:
The cedi of Ghana at its record low
Bernard Mornah at the BNP – cedi stop falling
Ghana's Cedi best under Nana Addo – IPP's Akpaloo
"When our opponents criticize us over the recent depreciation of the cedi, it's like running a 100-meter run with something wrong. One who ends up 24 seconds behind you and continues to criticize you for not running fast enough, "he said.
Vice President Dr. Mahamudu Bawumia pleaded for better management of the economy when he delivered the keynote speech at the 2018 National Policy Summits in Kumasi on Monday .
The political summit, the third in the series organized by the Ministry of Information and focused on the economy, has as its theme "Evaluation of the agenda for the growth, jobs and prosperity ".
stakeholders and key players in the Ghanaian economy and will evaluate and offer suggestions on ways to ensure greater financial and social inclusion.
Source link
