Member of Parliament for Builsa South Dr. Clement Apaak has asked John Kwabena Kwakye, the Director of Research at the Institute of Economic Affairs (IEA), to direct all his questions about the cedi depreciation to Vice President Dr. Mahamudu Bawumia, who was touted as the economic wizkid and messiah.
Dr. Apaak was reacting to a tweet by Mr. Kwakye, who has questioned how the country will sit unconcerned as we have our cedi depreciate.
The economist in his tweet lamented that economists in the country have failed the people of Ghana considering how the cedi keeps depreciating without any solution available to address the challenges.
He wrote, ‘’How much more cedi depreciation can we tolerate?”? Why are we all sitting down while our currency is being extinguished? The cedi depreciation should be embarrassing to all economists. We seem to have failed Ghanaians.
So, as economists, we don’t have a solution to the extinguishing cedi? What did we go to school for? We must be ashamed of ourselves.’’
Responding to the tweet, Dr. Apaak asked the economist to ask Dr. Bawumia these questions and demand answers from him.
He referenced how Dr. Bawumia kept organising economic lectures to attack the previous government, promising to address the issue, but the leadership of the NPP has failed to provide the solutions they claimed to have.
He also recounted how Dr. Bawumia claimed to have arrested the cedi, locked it under a key, and handed over the key to the Inspector General of Police.
Read Dr. Apaak’s response below
Dr. Kwakye, with due respect, direct this to DMB, the NPP running mate, and the current chair of the EMT. DMB and the failed NPP government he remains a part of are solely responsible. Have you forgotten the several lectures DMB delivered as a running mate on the economy? Have you forgotten how he lambasted JDM and his NDC government for ostensibly superintending over a weak cedi when the exchange rate was 4ghc to 1 usd? As vice president, didn’t DMB tell us he had arrested the dollar, locked it up, and given the key to the IGP? Have you forgotten that he subsequently listed as an achievement a stable currency? Please call him and boss out for taking the cedi to dollar ratio from 1:4 to 1:16. Say it as it is, be bold. Say the NPP has failed and doesn’t deserve a day in office beyond 6th January 2025.
By: Rainbowradioonline.com/Ghana
