Mahama has nothing better to offer on cedi depreciation - Minister tells Ghanaians

Mahama has nothing better to offer on cedi depreciation - Minister tells Ghanaians

The Asante Akim North legislator, Andy Appiah Kubi, says former president John Dramani Mahama has nothing to offer Ghana in dealing with the depreciation of the Cedi.

According to the deputy Railways Development Minister, the NDC flag bearer should be the last person to criticize the NPP government about the depreciation of the Cedi.

[Ex-president] Mahama should be the last person to even talk about the cedi’s depreciation. During his era the cedi depreciated by over 40% and he had absolutely no clue in addressing it.

Mahama has nothing better to offer on Cedi depreciation - Minister tells Ghanaians

Former president John Mahama. Source: Ghanaweb
Source: Facebook

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“If he had any help to offer, it was back then that he could proffer them but he watched on helplessly as the Cedi fell to a record low,” the lawyer noted.

The NPP MP said, government is currently doing everything possible to ensure stability and strength of the Cedi in the coming weeks.

He said the government’s fresh injection of capitals such as the $750 million Standard Bank bridge facility and the launch of the $3 billion Eurobond coupled with some funds to be made available by COCOBOD will go a long way to curtail the challenges the Cedi is currently facing.

John Mahama has called on the Akufo-Addo government to open up and admit their shortcomings in the management of the economy and call for help.

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His call comes on the back of the consistent fall in the cedi against major trading currencies.

In a Facebook post, Mr. Mahama said: "The recent free fall of the cedi against all major foreign currencies, may be exposing a deeper malaise in the “fundamentals of the economy”. It may serve Akufo-Addo/Bawumia and their economic team well to own up to their shortcomings and call a Senchi type stakeholder forum on the economy”.

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Source: Yen

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