Former Deputy Minister of Information, Felix Kwakye Ofosu has taken a swipe at the ruling New Patriotic Party (NPP) describing them as the “worst managers of the economy since the advent of the Fourth Republic”.
According to him, if the NPP had good economic Managers, the cedi which continues to depreciate would have shot up by now.
The cedi has depreciated against the US dollar from GHc 4.8 to over GHc 5.7 since the beginning of the year sparking concern in the business community, both locally and internationally.
Finance Minister, Ken Ofori-Atta announcing government’s short term intervention to save the cedi said “we are going after; $300 million, $600 million and another $750 million and 3 billion and [I think] we should be okay. And all of this should happen within the next two or so weeks.”
Speaking to this during a panel discussion on Adom TV’s 'Badwam' program, Tuesday, Felix Ofosu Kwakye said government is ‘deceiving’ Ghanaians and that the short term measures will not solve the actual cause of the depreciation.
According to him, “it is not true the cedi is gaining weight . . . they are not being truthful to Ghanaians . . . the economy is in tatters; nothing is working . . . they are just giving us false hope . . . if they claim some money is coming to shoot up the cedi, they are deceiving you . . . the reality on the ground is different….”
He further asked the NPP who praised themselves as economic gurus to “admit and accept that they have failed; they claimed they had economic Managers . . . they have brought untold hardship upon Ghanaians.. They should be truthful to Ghanaians so that we will know what to do; because it is going to get tougher".
However, the NPP National Youth Organizer, Henry Nana Boakye, popularly known as Nana B disagreed.
He said even though he is not happy with the depreciation of the cedi, when it comes to economic Managers, “NPP are better managers of the economy” than the NDC.
Meanwhile, Nana B is confident with the measures government is putting in place, the cedi will appreciate soon.
Source: Rebecca Addo Tetteh/Peacefmonline.com/[email protected]
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continue!: ndc sent our debt of 9.5 billion in 2008 to 12 billion before they left office in 2016 with little to show NPP has reduced our debt to GDP ratio from 73% ndc left us to 69%, reduction of inflation from 15.4 to 9.6% single digit, NABCO HAS been established, NPP has reduced ndc budget deficit from 9.3% to 6% NPP has reduced BOG policy rate from inherited 26.5% to 17%, NPP has reduced electricity bills, NPP has introduced planting for food and jobs all these from 2017- 2019 ndc bring out what you did for the 8 us*eless years of create loot and share before you talk of economy in tatters? who cause am? ndc goes to the river source to pollute the water and come down to ask who did this very diabolical evil and wicked people who if you see drowning just put him/her down to drown more! if even in the 8 years of the ndc they were able to do half of the NPP 2 years achievement Ghana would have moved to higher heights now and they have no shame. Ndc still think Ghanaians have short memory and 2020 is the time fir Ghanaians to show to the ndc to them serious to bring out policies instead of kidnapping and killing ! These evil people will suffer like their oldies in the P/ndc did before they die! look at the end of the Ahwois and other diabolical oldies of the ndc, that shows indeed not the day that you throw a stone across the Volta river that you get broken ribs as said by our forebears! some people will get their punishment on earth before the judgment day!
I agree with Ofosu Kwakye, and I blame Akuffo Addo for not prosecuting all the NDC crooks. Now the NDC people are loud and talking boldly because Akuffo Addo couldn't and cannot jail them. It tells you that both the NPP and NDC are ***barred word***, and that they cannot jail each other. This is the game they have been playing on Ghanaians for a very long time. I think the youth and people of Ghana should wake up and force the leaders to do someting good for Ghana. Ghana needs a strong third political party to bury NDC and NPP.
Fooooolishhhh man u v started talking again. You should be rot-ten in ja-il by now,, smh.
Kwakye Ofosueeeeeeeeeeee, that is how we like it period. So what is your problem.
The economy is far better than your ndc dumsor for straight 4 years, the economy us better than ndc create loot and share the cedi is in good standing as compared to the ndc ghc1.20 to a dollar in 2009 and became ghc4.20 to a dollar from 2009-2016 if ndc were in power under IMF the cedi would have been ghc20.00 to a dollar and such us*eless people are talking about economy, where did you take Ghana's economy from and where did you end it by 2016? your debts are the cause of Ghana's depreciating cedi we are not using cedis to pay your debts it's the same dollar if you were good managers Ghana would have moved on with NPP good policies but you left debts on all sectors and foreign huge debts and you people have no shame and you think we still have short memory that ndc left just about 2 years ago with a tattered economy, even ndc who cane to meet Ghana in a lower middle income group sent us back to HIPC and you say what? are you people still drinking and on tramadol then keep on using that and stay in opposition longer fir 50 years! tell us one intervention that you used our money to support?Kuffuor NPP without oil brought NHIS, FREE MATERNAL CARE, FREE SCHOOL FEEDING PROGRAM, YEP, NURSES AND TEACHERS TRAINEE ALLOWANCES, PEOPLE TEACHERS WERE EMPLOYED, ENROLLE D NURSES EMPLOYED ETC, ndc with oil tell us what you did with out money don't tell me infrastructure since Papa Kuffuor did more than your 8 years. NPP from 2017-2019 has restored the teacher and nurses trainee allowances, free SHS, 1D1factory,1village 1Dam, NABCO, paid PCP NHIS arrears,
This crooks, the youth should stop following NPP and NDC, they have nothing better to offer Ghana.
NPP , REMEMBER TIME WILL TELL AND TIME NO DEY... WORD
Please tell them what you can do and this old communist propaganda. when you criticize someone, you offer solutions. you were in government for 8 years and just after two years, you are crying like a baby.
Kwasiaba,$6 million crime is on head,you brag by taking the EC commissioner to court.When is the court proceedings coming on?.There about 20 sectors of the economy. Tell Ghanaians another sector which is not improving.The cedi will only stabilise when you and your c r i m inal NDC ministers stop buying the dollar at any rate with the billions of cedis stolen.Hypocrite, you and your father Kofi Totobi Kwakye have benefited from mother Ghana with no sweat.
Stop being intolerant and listen. In Kumasi, the liaghts have been off since midday. The cedi is in shambles, I cant buy fuel, I can't buy gas, everything is getting tougher and tougher yet at the least opportunity insults. Bcni b3n...