Managing Editor of the Insight Newspaper, Kwesi Pratt, has described the party held by the ministry of finance to mark Ghana's exiting from the IMF Program and the over-subscription of the Eurobond,as well as the appreciation of the Cedi as the "weirdest ever" in the annals of the country's political history by any government.
According to him, he does not see the need for such a celebration when it was the government that decided to extend the IMF program for one year without promptings from anybody.
Speaking as a panel member on Radio Gold’s Alhaji and Alhaji talk show, Kwesi Pratt was of the view that, the celebration was giving the impression that Ghana is being saved from the IMF; noting that the same day that the celebration was held, Ghanaian newspapers reported that Ghana has secured a loan of $185.2 million from the same IMF.
“You go to borrow, using the same things that Seth Terkper and co used; we have had the same over-subscription under Mahama and Seth Terkper and there was no party to celebrate...and then we say that the Cedi has begun appreciating, so there is a party to celebrate; sometimes I think that some of our politicians take all of us for fools and that is what they do all the time”, he fumed.
He stressed that politicians actually believe that those who queue up in the sun to vote for them, must be big fools.
To him, it does not matter the currency in which a country trades, that Cedi will continue to depreciate if there is a continuous dependent on others for things like toothpicks, tomatoes, clothes, shoes, spectacles, and everything.
PAY ATTENTION: 12 Times Meghan Markle Went Against Royal Rules
Yenkasa: Can the Ghana Cedi ever catch-up with the U.S. Dollar?| #Yencomgh:
Do you have a story to share with us? Inbox us on our Facebook page and we could feature your story