The Northern Regional Deputy Communications Officer of the opposition National Democratic Congress (NDC), Malik Basintale has said had Vice President Dr Mahamudu Bawumia given him the key to the jail room of the arrested cedi, and not to the IGP, the cedi wouldn’t have broken jail.
In a video from UTV sighted by OWASSONLINE.com, Mr Basintale said he would have done a better job in protecting the key and securing the cedi.
“Dr Bawumia should have given me the key to the jail room of the cedi and not to the IGP”, he said.
Dr Bawumia had said in April 2017 that interventions embarked on by the NPP administration helped to restore value in the cedi compared to what was bequeathed to them by the erstwhile NDC administration.
“For the year, the cedi has appreciated in value. When we came in, it was running…essentially we have arrested it,” Dr. Bawumia asserted when he addressed a gathering to mark one hundred days in office by the NPP on Monday.
The comments by the Vice President was at a time that the cedi was experiencing relative stability compared to major international trading currencies such as the dollar.
That is not the case today.
Bawumia who also heads the government’s economic management team further touted his government’s commitment to improving economic stability.
He explained that the NPP has within the first hundred days increased Ghana’s total foreign reserve from about 6 to 8 billion dollars which corroborates the confidence of investors in the country’s economic prospects.
“From independence to the end of 2016, Ghana’s total foreign reserves were some 6 billion dollars. In less than a hundred days, we have increased those reserves from 6 to 8 billion dollars…this is the achievement and with that we have a lot more confidence in the economy.”