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Vice President Mahamudu Bawumia said that, despite the recent volatility of the cedi, the data show that it has experienced the slowest depreciation against the US dollar since the first 18 months of any government since 1993.
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, the Bedi has estimated that the cedi depreciated against the dollar. 17.5% (2012), 14.5% (2013), 31.3% (2014), 15.7% (2015), 9.7% (2016) and 4.9% (2017).
In addition, the Vice President noted "that the data also show that the depreciation for the first half (6 months) of the years 2012 gives 17.2% (2012), 3.4% (2013), 26 , 7% (2014), 26.1% (2015), 3.3% (2016), 3.7% (2017) and 2.4% in 2018. "
" When our opponents criticize us about From the recent depreciation of the cedi, it's like running a 100 meter race with someone who finishes 24 seconds behind you and continues to criticize you for not running fast enough, "he said.
Dr. Bawumia advocated for the best management of the NPP's economy. Political Summits in Kumasi 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 Program for Growth, Jobs and Prosperity" ".
Ghana's economic actors and will evaluate and propose suggestions on ways to ensure greater financial and social inclusion.
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