Former president John Dramani Mahama has impressed upon Akufo-Addo to organise a stakeholder forum to save the economy.
Commenting on the current fall of the Ghana Cedi against major foreign currencies, the NDC presidential candidate for the 2020 elections said the NPP government should admit its shortcomings and seek help from the pool of experts outside their party.
“The recent free fall of the cedi against all major foreign currencies, may be exposing a deeper malaise in the ‘fundamentals of the economy,” Mahama wrote in a tweet.
Mr. Mahama in a Facebook also critiqued the vice president, Dr. Mahamudu Bawumia, who is the head of the national economic team for failing to stabilise the cedi and the economy like he promised while in opposition.
Read Mahama full text below:
He told the media that government is working on arresting the fast depreciation of the cedi in order to restore confidence in businesses.
“Really I am very confident that a reversal is going to occur and that it [cedi] is going to be pretty stable going forward. We have about 200 million dollars coming in from Cocobod and another 600 million from cocobod in a month or so…and that should close within the next weeks or so…with the type of capital that we expect in the few weeks we really expect a reversal and a stability,” the finance minister said.
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