Vice President, Mahamudu Bawumia, has defended the government’s management of the economy, putting a spotlight on the exchange rate.
According to him, the Akufo-Addo-led New Patriotic Party (NPP) government has better exchange rate figures than the erstwhile John Mahama administration.
Per statistics presented by the Vice President, the worst rate of depreciation under the Akufo-Addo government is 8.4% recorded in 2018.
However, under the Mahama government, the best was 9.7%, recorded in 2016.
The opposition NDC has, however, criticised the government following the recent depreciation, calling into question the competence of Dr. Bawumia who is the head of the Economic Management Team.
Speaking Wednesday at a Town Hall Meeting organised by the EMT, Dr Bawumia shrugged off the criticisms. He said: “our worst is better than your best and you say ‘boot for boot’? This one is more like ‘ boot for chalewate’.”
With boot for boot, the Veep was referencing a comment from John Mahama who said the NDC is ready to play at the level of the NPP [albeit in a different context].
Dr. Bawumia challenged anyone who disagreed with the figures, to provide evidence to back their claim.
Speaking on inflation, Dr. Bawumia said the rate dropped from 15.4% at the beginning of 2018 to 9% in 2019.
He expressed confidence in the direction of the economy saying that “looking into the future, one can say that Ghana’s future under Akufo-Addo is bright.”