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General News on Thursday, March 21, 2019
Source: peacefmonline.com
2019-03-21
play the videoKojo Oppong-Nkrumah
The Minister of Information, the Hon. Kojo Oppong-Nkrumah said the minority press conference in Parliament to discuss the economic situation and the challenges faced by the Cedi was a bad prediction.
"In the beginning, the minority said that there would be a famine like in 1983, but now there is a bountiful harvest of food and if today they give another prediction of it." 39 economy, we have no answer for them but we will continue. to work so that our economy is sufficiently stimulated to create jobs for young people who are teaming up in the country, "he told Peace FM Evening News.
Immediately after a press briefing by the minority in Parliament, the Hon. Oppong Nkrumah said that the minority offered nothing better as an alternative way to help appreciate the fall of the Cedi.
"The essence of their presentation today is essentially that the cedi depreciated and the importers took a hit. This is an already recognized point and the government has already made efforts to remedy the situation.
"The Bank of Ghana (BoG) has presented its short-term measures. The Minister of Finance has announced medium-term measures and you are starting today to witness a gradual recovery of the Ghana cedi, "he suggested.
"The cedi is therefore making a comeback and this minority attempt to take political action is a little late in the day," said lawmaker Ofoase-Ayirebi.
The minority took advantage of its press conference to ask the government to present a new budget to Parliament, the one that was presented in November 2018 can not be invoked "as the real master plan on which the economy is managed".
Citing last week's sharp depreciation of the cedi, finance spokesman Ato Forson said the move had "laid the foundation for a failed economy and projections for it, such as". They are included in the 2019 budget.
"So it undermined confidence in the economy, which also sends wrong signals to investors. It calls on the government to take urgent measures to restore the economy, "he added.
But Hon. Kojo Oppong Nkrumah found their suggestions comical, especially at a time when the cedi began to gradually recover against its main currency, the dollar, because of the measures put in place by the Bank of Ghana and the government.
He also accused the minority of making badertions that always tend to be false. "You remember the minority's claim that Ghana was literally sold to Franklin Templeton on the first issue of the $ 2.25 bond and all the ensuing hubbub, totally unfounded. You remember the badertion of the minority that the operation of the ESLA bonds was going to be a failure and that at the end of the operation, the figures provided were also no founded ".
He is confident that recent efforts by the Government, in addition to the issuance of the $ 3 billion bond, "as well as some other medium-term elements that have been described will lead to a possible reversal of currency has suffered. "
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