Senior Journalist and Editor in Chief of the New Crusading Guide Newspaper Abdul Malik Kweku Baako has said the depreciation of the cedi against the dollar should not be blamed on Vice President Dr Mahamudu Bawumia or anyone else for that matter as the politicians are all the same when hit by the reality of governance.
Speaking on Good Morning Ghana followed Keenly by MyNewsGH.com, Mr Baako said politicians when in opposition are supposed to proffer solutions to governance issues without having the benefit of knowing realistic govermance contexts, saying it is not a new phenomenon.
He said all sides in the political divide have a fair share of the blame for this, adding that the NDC in 2008 ‘made noise about about the debts stock’, comparing Ghana’s debt from Kwame Nkrumah to the Kufuor era, and insisting Kufuor accumulated more than all successive governments.
“I remember having a debate with then running mate John Mahama”, he recalled.
He said when “they (NDC) came to power, you saw what happened?”.
He said the politicians say all sorts of things when they are campaigning only to be faced by the reality of governance, telling Host Randy Abbey, “all of them are the same. All of them”.
Asked by host what he meant by “all of them, all of them”, Kweku Baako said “All the political parties”.
Earlier, Economist and Financial analyst, Dr Lord Mensah blamed the Bank of Ghana and the economic management team for the depreciation of the Ghana cedis.
According to Dr Mensah, the lack of a straightforward policy direction in the
nagement of the currency is one of the main causes of the depreciation.
The Ghana Cedi has recently undergone a high appreciable fall in value against other major international currencies with the US Dollar in perspective.
As of Monday 4th, July 2017 commercial banks’ indicative prices quoted by the Bank of Ghana revealed that $1 was being sold at GH¢4.85, compared to ¢4.42 to $1 in September 2017.