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The editor of the Insight newspaper, Kwesi Pratt, described the party held by the Ministry of Finance to mark the abandonment of the IMF program by Ghana and the surge of the Eurobond, as well as The appreciation of the Cedi "in the annals of the political history of the country by any government.
According to him, he does not see the need for such a celebration when the government has decided to extend the IMF program for one year without being invited.
Kwesi Pratt said the celebration gave the impression that Ghana was being rescued from the IMF; noting that on the very day of the celebration, Ghanaian newspapers announced that Ghana had obtained a $ 185.2 million loan from the same IMF.
Managing Editor of Insight, Kwesi Pratt
Source: GettyImages
Source: UGC
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"You are going to borrow, using the same things as Seth Terkper and Co.; We had the same oversubscription under Mahama and Seth Terkper and there was no party to celebrate … and then we say that the Cedi started to enjoy, so there is a party to celebrate; sometimes, I think some of our politicians take us all for fools and that's what they do all the time. "he smoked.
He pointed out that politicians actually think that those who line up in the sun to vote for them must be big idiots.
For him, regardless of the currency in which a country trades, the Cedi will continue to depreciate if there is a continued reliance on others for things like toothpicks, tomatoes, clothes, shoes, glbades, etc. .
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Source: Yen.com.gh
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