THE UNSTOPPABLE DEPRECIATION OF THE CEDI TO FOREIGN CURRENCIES, BAWUMIA SHOULD CONCEDE DEFEAT AND CALL FOR HELP, ABRAHAM BOAFO SPEAKS

The most unfortunate vice president in the history of this precious republic His excellency Dr. Mahamoud Bawumia who has lost his intellectual credibility should sincerely apologize to the good people of Ghana and call for help to be able to manage the economy for the few days left for him to be a vice president of Ghana.

The economic cacophonies made by him then in opposition about the Ghanaian economy has exposed him to an international level, every reader and writer on this planet called (earth) can now define Bawumia when it comes to the bragging about economic management.

The claimed dollar key can not be found, the crass incompetent and mismanagement by the vice president and his economic management team has given the dollar a free exit to go out to a place they can not trace it, we are indeed under the disable leadership of funny people and jokers as well.

Politics of lies is sweet but the end result is extremely terrible and funny.

The good people of Ghana must stop taking the vice president serious, he is just a funny man but nothing else.

Sometimes let’s speak the truth to ourselves, this gentleman disregard the entire Ghanaian citizens when he is giving those his fallacious projections about the Ghanaian economy.

There is no need for me write long about the ignorance of the vice president as he is busily mismanaging the economy which was firmly raised by the ex president John Dramani Mahama and the late vice president Paa Kwasi Amissah Arthur.

We the good people of Ghana are not more interested and ready to be misinformed about this collapsed economy of ours again, so the vice president should stop tickling himself as he keep on defending the indefensible.

I dare the vice president of the republic to come out publicly with credible solutions to the following factors leading to the unprecedented depreciation of the cedi to the dollar:

1:The high level of inflation which has lead to a massive increment in price of goods and services in the market, making living uncomfortable for the ordinary Ghanaian and declining the value of the cedi as well.

2: Demand and supply, Bawumia must explain to us why there is an excessive demand of dollar than the cedi which has degraded the value of the cedi in the country and beyond leading to a leftward shift (negative)of the profit margins of our indigenous firms.

3: Trade deficit, the vice president of the republic must tell us why there is a negative balance of trade in the economy, as a PhD holder in economics we expect a positive balance of trade in our developing economy under his leadership, so we need a solution to this current problem in the economy, he should come out publicly with one.



4: collapse of confidence, Mr vice president of Ghana must tell the good people of this precious republic why he is mismanaging the economy making our foreign partners and other investors loosing confidence in the economy and the financial sector of the country under his administration?

5: price commodity, Dr.Bawumia Must let us understand why the price of our indigenous goods and services are very low in the world market, what is he doing to make sure the indigenous firms add value to their local products to attract high prices in the world market to at least add value to the fallen cedi?

6: interest differential, the husband of the second lady of the republic must tell us why the interest rate in our financial sector of the economy keep rising, making the economy not appealing to local and foreign investors?

7: Market speculation, he should come and give us intellectual anticipation on the world market, as a country what must we do to get our currency stabilize with other foreign currencies.

Let me leave him here for the main time, more to come soon.

As a country, we deserved better than this melancholic state of our economy under the leadership of a PhD holder in economics.

My final advice to the ordinary Ghanaian is to wake up and let’s send this funny braggers back to opposition, NPP is a party that has come to kill and destroy, and we can see and feel the comprehensive difference between the NPP and the NDC after spending only nineteen months in office.

2020 must be a history.

End………………..

Written by an NDC Communicator.

ABRAHAM BOAFO

0247726369