Skip to main content

NPP Are Better Managers Of The Economy - BoG Data Reveals

The management of the Ghanaian cedi over the past three years has been one of the best in Ghana’s recent history, the Vice President of the Republic, Dr Mahamudu Bawumia has indicated.

The Vice President’s statement, backed by data from the Bank of Ghana, comes in the wake of claims by the opposition NDC that the Akufo-Addo administration had failed to manage the cedi.

“The cedi exchange rate under the NPP (2017-2019) is twice as stable as it was under NDC (2013-2016). The average depreciation under NDC was 18%, compared to 8.7% under President Akufo-Addo” the Vice President stated in Kumasi on Tuesday, February 11, 2020.

Dr Bawumia, who was addressing the two-day Government Townhall and Results Fair, being held at the Great Hall, Kwame Nkrumah University of Science and Technology, dismissed suggestions that the NDC were better managers of the economy, particularly the currency.

“Under the NDC our currency was depreciating at the speed of Usain Bolt! Under the NPP we have arrested the rapid depreciation of the cedi. But why does the NDC, in the face of such incontrovertible evidence, keep insisting they can do a better job of managing the cedi? Ladies and Gentlemen, it is like you take an exam with somebody and he scores 40% and you score 80% and he is trying to convince people that he knows the subject better than you.

“In fact, in the history of the Fourth Republic, Akufo-Addo has the best performance for any first term government since 1992. Period. All the worst performances happened under the NDC which holds the record for first, second and third worst performances in the Fourth Republic but they still want to challenge the best performer!”


Comments

TRENDING

Must Read : Radio & TV Host Anita Erskine Pens Down A Letter To Rashida Black Beauty

We woke up to this masterpiece online, a LETTER of Starr FM’s award-winning media queen and Women’s advocate, Anita Erskine has written a letter to Rashida Black Beauty .. Just like a carousel, the maiden is still in her spinning stage and like mother eagle, Anita sees the future that Rashida someday can become a fabric of a building, thus, she wants her to, “…come and let’s talk – one on one.”

Serena Williams explains why she chose to marry a White man

A lot of Black people have criticized tennis champion Serena Williams and her sister Venus Williams for marrying and dating White men, instead of sticking with Black brothers. The mother-of-one has now explained her reason for marrying Alexis Ohanian.

Akufo-Addo's presidential kiss with wife Rebecca Akufo-Addo

President Nana Addo Dankwa Akufo-Addo delivered the 2019 State of the Nation Address on Thursday, February 21 in Parliament.

2017 WomanRising 100 Most Influential Ghanaian Women Announced

WomanRising, a flagship network of The African Network of Entrepreneurs (TANOE) has announced its annual list of the 100 Most Influential Women in Ghana (100 MIWG) for 2017.

Ghanaian female scientist, Dr. Priscilla Kolibea Mante receives international award for research

Five outstanding Laureates, one from each continent, were honoured for their significant contribution to science. These exceptional women were recognised for the excellence of their research in the fields of material science, mathematics and computer science and they will each receive €100,000. Their achievements were celebrated alongside 15 International Rising Talents who are promising young women scientists from across the world at an awards ceremony on 14th March 2019 at UNESCO’s headquarters in Paris.