You arrested the Cedi but it is threatening to break the 8 – Social Commentator

You arrested the Cedi but it is threatening to break the 8 – Social Commentator

A social commentator and political analyst, Ivan Kyei Innocent has charged politicians to deliver on their promises when they come to power.

According to him, the current administration[NPP] has failed Ghanaians what they promised to do when voted into power.

“Politicians make promises when they are in opposition but fail to deliver when they come to power.

“They always come to power to satisfy their selfish interest and not the interest of Ghanaians who brought them to power”.

He added that Ghanaians are worried about the economic situation, although, the New Patriotic Party(NPP) led by President Nana Akufo-Addo, and Vice president Dr Bawumia assured Ghanaians of a stable economy and also promised to arrest the dollar.

“Dr Bawumia said the dollar has been arrested with the key given to the IGP, but now the dollar is breaking the 8,” he added.

Ivan while sharing his view about the economy in an interview with Agyenim Boateng Adjaye on Active TV on Thursday, February 24, 2022, further noted that the depreciation of the Ghanaian cedi has also made the cost of living so hard, such that Ghanaians no longer have trust or believe politicians anymore.

Vice President and “Arrest” of the Cedi

The Vice President, Alhaji Dr Mahamudu Bawumia in April 2017 while giving an account of the first 100 days in office of the New Patriotic Party (NPP) government indicated that they have been able to “arrest” the fall of the cedi as well as made some 103 achievements.

The Vice president in a humorous manner whilst delivering a 40-minute presentation, at a town hall meeting organized by Joy FM to assess the 100 days of President Akufo-Addo in office, said the free fall of the cedi has been arrested, and the keys given to the Inspector General of Police (IGP) for safekeeping.

However, the Ghanaian cedi continues to be depreciating against the dollar with the latest rates hovering around 7 cedis.

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