Former President John Dramani Mahama has stated that President Akufo-Addo should resign due to the cedi depreciation. He stated that the present NPP government had failed to ensure economic stability.
The National Democratic Congress candidate made the statements at a rally in Nkwabeng, a town in the Nkwanta South District.
He stated that the cedi is currently worth GH¢15 per US dollar.
He claimed that his government outperformed that of the NPP. The cedi depreciation, he complained, has drastically increased the cost of living for Ghanaians, putting a strain on both households and companies.
“During the Atta Mills’ administration, the exchange rate was GH¢2 to a dollar. When he took office, it was GH¢4 to a dollar. After nearly 8 years in power, the exchange rate has now risen to GH¢¢16 to a dollar.
“President Akufo-Addo should have resigned long ago when the Cedi depreciated to GH¢16 per dollar. It is difficult to see how GH¢16 to a dollar can be considered better than GH¢4 to a dollar.
“Unfortunately, we all find ourselves in this difficult situation. Even the prices of cement have skyrocketed.”
By: Rainbowradioonline.com/Ghana