*Ghanaian Cedi now a laughing Stock at the local and international Market*
Is no more interesting to see the Ghanaian Cedi deteriorating at the fastest rate on daily basis.
It was in this country that,the current vice president told the entire Ghanaian population that,the NDC Government had no better economic management team and that had resulted in the depreciated Cedi.
If today the rate of a dollar *($1)*is equivalent* to *Ghc5.85*,then the economic team of the vice president of which he is the Chairman has failed Ghanaians.
Those days the flagbearer of the NPP,Nana Akuffo Addo also tweeted on 4th June 2016 and said *the current depreciation of the Cedi against the dollar is as a result of bad leadership and that,we cannot buy a dollar for 3.72 and for that matter change is needed*
He who pelt one with pebbles asked for rocks in return.
Today,the ratio of US Dollar to Ghanaian Cedi is *$1: 5.85* and i think is also prudent to say that,both the boastful Economic team of Bawumia and that of the president have equally failed Ghanaians and therefore change is needed now.
The bad leadership exhibited by the president and the Economic Management team are the worst crop of leadership Ghana would have experienced.
Prices of goods and services are skyrocketing both at the local and in the international market turning the depreciated Ghanaian Cedi to a laughing stock.
The finance minister,Mr Ken Ofori Atta told journalist of their expectations to stabilize the currency in 2 weeks time because some inflows of foreign exchange is expected to enter into the country soon.This comment by the finance minister shows the hypocrisy exhibited in a broad daylight by his own Government then in opposition.
The Bank of Ghana's interbank exchange as at February 1,shows the Cedi had depreciated by 2.6% against the US dollar compared to the 0.1% appreciation in the same period last year.
The Government of the day only succeeded in deceving Ghanaians into believing that,they have the antidote to all the problems confronting the Ghanaian Economy.
Infact,NPP Government led by Nana Akuffo Addo and Bawumia have made our industries less efficient since the Cedi has never been stable in order to improve the competitiveness of Ghanaian industry upon assumption of office in 2017.
#Say No to Government of Deceit#
*Signed*
*............*
*Diplomatic Mobarak*
*Deputy Comm.Officer*
*Nkwanta South*
*0248690371*
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