Business Politics

Are we safe with the economic management team? – Ayariga mocks Nana Addo, Bawumia

Outspoken politician and leader of the All People’s Party (APC), Hassan Ayari, has thrown subtle jabs at President Nana Addo Dankwah Akufo-Addo and his trusted economic advisor cum vice president, Mahamadu Bawumia over the free fall of Ghana’s currency, the Cedi.

Taking Ghanaians back on a memory lane to a viral NPP campaign video which showed the then NPP candidate Nana Akufo-Addo promising a resilient cedi to boost the economy of the country, Ayariga posed a question to the incumbent government on his social media handle.

“Ghanaian billionaires becoming poorer against their counterparts in America, Asia and Europe due to depreciation of our Cedi. Are we safe with the economic management team?” Dr. Hassan Ayariga wrote on his Facebook wall on Tuesday.

Boldy captioned “Bloomberg classifies cedi as worst of ‘Worst Spot Returns’ of African currencies” the leader of the All People’s Congress (APC) posted the viral video to substantiate his point.

The sharp depreciation of the Ghana cedi has sparked a debate among experts and the general public to proffer solutions on ways the cedi which is currently hovering around 1$ US dollar is 7GH Cedis can be stabilized.

Prof. Raymond Atuguba has also waded into the debate suggesting that the general economic hardship on Ghanaians and the struggling economy could possibly be cushioned, if the controversial E-levy is passed, amid a prudent spending culture of government among other things.

However, the question begging for answers is the willingness of government to tackle the obvious corruption and leakages in the system, which according to Ghana Integrity Initiative (GII) accounts for $3billion loss to the state annually.

Watch video via link below.

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