Deputy
Minister of Education, Samuel Okudzeto Ablakwa has issued a stern
warning to critics seeking to make political capital out of the
country’s present economic situation vis-à-vis the cedi depreciation.
According
to him, the cedi depreciation is not as a result of poor management of
the economy by the Mahama administration but a global trend that has
caught up with the country, stemming from previous actions by successive
governments.
Hon. Okudzeto, who particularly picked on the
former Deputy Communications Director of the opposition New Patriotic
Party, Nana Akomea, wondered why he (Nana Akomea) and other cronies in
the NPP would slam the incumbent government over the fall of the cedi as
against major foreign trading currencies.
The former NPP
Parliamentarian posited that the current leaders at the helm of affairs
lacked the innovation to "resurrect" the "dead" currency, on Asempa FM's
"Ekosii Sen programme" on Monday.
“The quality of economic
management is the biggest factor for the cedi depreciation. In five
years the cedi has depreciated more than 100 percent”, Akomea bemoaned.
But
addressing the issue on Radio Gold during a panel discussion programme
"Alhaji Alhaji", Okudzeto Ablakwa argued that during the reign of
the NPP, the cedi fell by about 30 percent as against what he claims is 7
percent in the fall of the cedi under the Mahama government.
He
thus questioned the logic in Nana Akomea’s assertions that the
"“mismanagement and incompetence” of Ghana’s economy by the National
Democratic Congress (NDC) government is to be blamed for the free fall
of the cedi."
The NDC MP for North Tongu in the Volta Region
further stated that per the reasoning of the former NPP Director of
Communications “if we (Mahama government) have 7 percent and we’re so
incompetent. And we’re so useless, then you who have 30% in your record;
who are you? You must be worse than incompetent. You must be worse than
useless.
“There’s been a lot of cheap opportunism where
politicians this week have tried to cash in. Everybody is really taking a
dive to see how they can gain some political mileage out of this
situation. And I think that we ought to quickly disregard that and
discard it totally,” Okudzeto Ablakwa added.
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