Ghanaians mock Bawumia for failing to arrest the Cedi’s depreciation

Ghanaians mock Bawumia for failing to arrest the Cedi’s depreciation

- Ghanaians mock Bawumia and Akufo-Addo over the setting up of a committee to stop cedi depreciation

- An Emergency Forex Development Committee has been inaugrated to find solutions to the perenniel cedi depreciation

- The Committee will be chaired by the Finance Minister, Ken Ofori Atta

- Our Manifesto: This is what YEN.com.gh believes in

Government on Friday, January 17, 2020 announced that it has set up a 40-member Emergency Forex Development Committee to arrest the fall of the cedi against other major foreign currencies, especially the US dollar,.

The committee will be chaired by the Finance Minister, Ken Ofori Atta.

The setting up of the committee has irked Ghanaians, with many questioning the rationale behind the formation of such a committee.

READ ALSO: 7 promises John Mahama has made to Ghanaian

Some have even questioned the performance of Vice President, Dr. Mahamudu Bawumia, who is chairman of the economic management committee.

The Vice President told Ghanaians the NPP government had arrested the fall of the cedi and stabilized the economy 100 days in office.

So the announcement of the Committee to fight the fall of the cedi came as a big surprise to many Ghanaians.

This led to some trolling and mocking the Akufo-Addo administration for doing little to stabilize the cedi depreciation.

One of such people is NDC MP for Bawku Central, Isaac Adongo, he has vehemently called out the president and his vice for lying to Ghanaians.

READ ALSO: 7 promises John Mahama has made to Ghanaian

He opined that President Nana Addo Dankwa Akufo-Addo and Vice-President Dr Mahamudu Bawumia have “swindled” Ghanaians with “lies” as far as the depreciation of the cedi is concerned.

Nana should rather set up a committee to investigate how he and the economic comedian [Dr. Bawumia] swindled Ghanaians with brilliant and eloquent lies. When you go about calculating inflation in Mallam Atta market and use rate of change to calculate depreciation, what do you expect? Miracles?”.

Below are more of the comments from social media:

Johnnie Hughes says why the need for a new committe when 'Competent' Bawumia is around

Iddrisu says Dr. Bawumia is struggle to stabilise the economy and local currency

ATTENTION: Read the best news on Ghana #1 news app. Install our latest app for Android and read the best news about Ghana

YEN.com.gh earlier reported that flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama, on Thursday, January 16, 2020, said he will ensure technical and vocational education in Ghana is free when he is voted into power again.

According to the former president, he will also make sure all the impediments that make technical and vocational education unattractive are cleared.

Do you have a story to share or you have information for us? Get featured on YEN.com.gh. Message us on Facebook.

Source: Yen.com.gh

Online view pixel