Skip to main content

It is 'absolutely foolish' to blame Akufo-Addo gov’t for cedi depreciating - Kwesi Pratt

Seasoned Journalist, Kwesi Pratt Jnr., says it will be "absolutely foolish" to lay blame at the doorstep of the current administration for the downward spiral of the local currency, the cedi.

Likewise will it be "senseless", he posits, if the NDC-led Mahama administration accused of allowing the cedi to depreciate alarmingly when Mr John Dramani Mahama was in power.

Contributing to a panel discussion on Radio Gold’s 'Alhaji and Alhaji' show, the Managing Editor of the Insight newspaper opined that perhaps the Akufo-Addo government can be faulted for not doing enough to alter the economic fundamentals, and also for just "tinkering" with the issue.

“We can blame the Akufo-Addo administration for not doing anything to alter the fundamentals in the more than 2 years that it has been in office; that is where they take the blame and not for causing the problem,” he pontificated.

He indicated that President Akufo-Addo and his government should be blamed for deceiving Ghanaians that the dollar has been arrested and put under lock and key in the custody of the IGP, when indeed the dollar was swaggering on the streets of Accra.

“ . . everybody can see the dollar was trotting on the street and the Vice President Dr. Bawumia came and told us that he has arrested the dollar and so we can be very angry with him for deceiving us,” he stated.

“ . . another reason we ought to be blaming them is simply the fact they know that what they are doing is cosmetics. They know that they are only tinkering with the public and not solving the problem”.

Whiles jabbing the Vice-President, Dr. Mahamadu Bawumia for claiming the fundamentals of the economy was weak which is why the cedi was running amok, he entreated "people with PhDs" to be consistent in their utterances. 

“Why did Alhaji H.E Dr. Bawumia tell us that when the fundamentals are weak the exchange rate will expose you? Now that the fundamentals are very weak, that is why there is this time big exposure. Then you get this big time exposure then you get all kinds of spokespersons saying the fundamentals are good because the GDP ratio is very good, inflation is fantastic and so on; so what is the exchange rate exposing now? The exchange rate is now exposing good fundamentals but under Mahama, the exchange rate exposes bad fundamentals”, he jabbed.

“Let’s be a little bit consistent; let’s assume that the Ghanaians who listen to us are a little bit sensible. We don’t have PhDs attached to our names but we are capable of thinking; we are capable of recognising inconsistency in people’s attitudes and statements. They should give us that respect,” he added.

Source: peacefmonline.com

Comments

Post a Comment

Popular posts from this blog

Invest your profits back into farming - COCOBOD boss to Cocoa Farmers

Joseph Boahen Aidoo is Chief Executive Officer of COCOBOD The Chief Executive Officer of the Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo, has charged cocoa farmers to be business minded in operating their farms and to partake fully in the various programmes introduced by COCOBOD to ensure good farm yields and to increase profits. "Good farming practices, like pruning, the timely application of fertilizers and proper pests control are essential at all times," he said. Joseph Boahen Aidoo stated this while interacting with farmers in the Ashanti and Brong Ahafo Regions, on the first day of his week-long tour of cocoa farms across the county. He was accompanied by the Deputy Chief Executive of Operations at COCOBOD, Dr Emmanuel Opoku, as well, as Directors and Research Scientists from COCOBOD. The tour is aimed at assessing the level of farmer participation in the various farm productivity improvement programmes implemented by COCOBOD; it is also...
Post a Comment
Read more

Dogboe takes time off boxing

Isaac Dogboe Isaac Dogboe's journey in the pugilistic sport is far from over, even though he is to take a lengthy break. The 24-year-old will remain in the sport but will take time off and resume his university education, he has exclusively confirmed to Joy Sports. The former world champion gained admission to the Penster University last year but had deferred studies due to the demands of his boxing career. This decision to return to school comes after a one-on-one meeting with his father, Paul, who led his corner on the night of his humiliating loss to WBO super bantamweight champion, Emmanuel Navarette. "I am good and glad I was not injured. It's rather unfortunate I couldn't win the bout and I guess sometimes these things happen. I am grateful to all for the massive support for this bout,” he told Joy Sports in Arizona. He mentions that he will take time off to get himself back into school, and re-strategize to make a return to the ...
Post a Comment
Read more

‘I have found the light’ – Wendy Shay joins Moesha down ‘repentance lane’

  Wendy Shay has disclosed her new status as a born-again Christian and promised to preach the gospel. She intends to start with her massive social media following. Songstress Wendy Shay revealed, in an interview with Okay FM, that she has found her true calling after a few turbulent years. She explained that she found herself after she had an encounter with Jesus Christ during her dark years. She said, “I have found the light, Jesus Christ is the way, truth, and light, and if you find him and entrust everything to him, things will fall in the right place.” “I have now redeemed myself. You know the relationship with God has so many levels, I am not the closest to God.  But I am in a level where I trust God entirely as He has shown me his grace and power.” According to Wendy Shay, she plans to use her celebrity status to spread the gospel to all corners of the  world . She said, “My platform is not just for my music. I have 2.3 million followers on Instagram, 1.6 million o...
Post a Comment
Read more