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Dr. Bawumia at a public session had declared that he was "sail"Logic to say that the value of the cedi has dropped means that Ghana's economic fundamentals are weak.
According to him, the cedi behaves better than under the NDC administration.
However, the NDC quoted Bloomberg as saying the cedi continued to depreciate. Bloomberg figures show the Ghana Cedi is between US $ 5.30 and US $ 1 according to the GHS
Speaking in an interview on Citi Eyewitness NewsFifi Fiavi Kwetey, Member of Parliament for Ketu South at the NDC, said records showed the NDC had done better than the NPP
"Beyond all that, we took the time to systematically explain things. Record for record, the nuclear power plant can not approach the NDC. All these attempts to claim to be the best managers of the economy, we have shown that this is not the case. In our archives; it does not mean that we have solved all the problems, but in relation to the NPP … they actually have nothing to talk about. Our report presented at the conference shows all that the NDC has done," he said.
Dr. Gideon Boako, spokesman for Vice President, Dr. Mahamudu Bawumia, answered this question by wondering why the opposition NDC was citing Bloomberg while she could get conclusive data from the Bank of Ghana.
"Why are you using Bloomberg data to indicate that the currency is the worst currency? The baseline data for Ghana is the central bank. The central bank is our point of reference and I find it so ridiculous that people who have been in the government before turn to commercial platforms that have very volatile data and aggregate data to calculate their rates that are not conclusive … use Bloomberg data"he said.
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