deputy Minority Leader in Parliament, James Klutse Avedzi has questioned President Nana Addo Dankwa Akufo-Addo’s failure to speak on the depreciating cedi in his 2019 State of the Nation Address in Parliament on Thursday .
“And the president completely avoided the talk about the performance of the cedi, I have never heard the president said the cedi is depreciating at the low pace, he never talked about it. So he completely avoided it,”
“This is something that the president must talk about
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“So as we speak now, the cedi is running over Ghc5.27, so what will it be at the end of the year or the middle of the year, what is the president going to do to ensure that the value of the cedi is stable. I am not impressed and we will come with the debate on it from Tuesday,“ he added.
Touching on GDP, Mr Avedzi disagreed with President Akufo-Addo’s position that Ghana was doing her best ever and said, “within two years, we have borrowed as a country over Ghc50 billion, the President decided to use the re-based numbers to calculate debt to GDP ratio, and where he
Adding, he said he disagreed with the President completely.
“We were here when we borrowed 2.25 billion from Franklin Templeton which was a foreign borrowing because it was denominated in dollars and then yet we applied