• Home
  • News
  • Business
  • Entertainment
  • Politics
  • Lifestyle
  • Opinions
  • Health
  • World News
  • Videos
  • Sports
Tuesday, August 9, 2022
  • Login
My Publisher24
  • Home
  • News
    1D1F: Akufo-Addo inspects GH¢9.2M yam/cassava factory in Bimbilla

    1D1F: Akufo-Addo inspects GH¢9.2M yam/cassava factory in Bimbilla

    PRINPAG vets Aspirants for executive election

    PRINPAG vets Aspirants for executive election

    Is The NPP Party For Sale?

    NPP orders party flags to fly at half-mast in memory of Harona Esseku

    C/R: Man inflicts cutlass wounds on co-worker for giving his fiancée, child GH¢20 for food

    C/R: Man inflicts cutlass wounds on co-worker for giving his fiancée, child GH¢20 for food

  • Business
    $100 million allocated for COVID-19 fight exhausted – Health Minister Designate

    IMF BoP support to Ghana reportedly pegged at $3bn

    Ease of setting up online business – Ghana ranks 5th on the Continent

    Ease of setting up online business – Ghana ranks 5th on the Continent

    Local bourse loses 46.79 points as MTN slips

    GSE: Volume of shares traded improves by 20,907%

    Gold Coast Refinery first in West Africa to receive certification from Responsible Jewellery Council

    Gold Coast Refinery first in West Africa to receive certification from Responsible Jewellery Council

  • Entertainment
    Beyoncé’s Renaissance debuts at number one – Asaase Radio

    Beyoncé’s Renaissance debuts at number one – Asaase Radio

    Kidnappers mocked us for raising ₦1.2m to secure release of actors – Actors Guild of Nigeria

    Kidnappers mocked us for raising ₦1.2m to secure release of actors – Actors Guild of Nigeria

    Maintain Your Body – McBrown on criticism that she has enhanced hers

    Maintain Your Body – McBrown on criticism that she has enhanced hers

    Veteran actor, Prince Yawson ‘Waakye’ reported dead

    This is what killed ‘Waakye’

  • Politics
    Exposed: How Mills/Mahama passed law to use Ghana Card as only means of registering to vote

    Exposed: How Mills/Mahama passed law to use Ghana Card as only means of registering to vote

    I treat Majority leader’s ‘dead on arrival’ comment with contempt – Ablakwa

    Ablakwa slams Akufo-Addo following positive assessment of ministers

    E-levy: If slapping Deputy Speaker will make him do the right thing, so be it – Asiedu Nketia

    We’ll cancel any branch election that does not follow the rules – NDC  

    We’ll build a strong economy before 2024 elections in order to break the 8 – Akufo-Addo

    We’ll build a strong economy before 2024 elections in order to break the 8 – Akufo-Addo

  • Lifestyle
    Workout in the nature: Here are top 5 benefits

    Exercises you must do to burn fat: Top 5 Options

    5 ways to naturally detox your body

    5 ways to naturally detox your body

    Nearly a quarter of all women are not able to say no to sex – UNFPA Report

    Sex before a long journey can kill you – Drivers warned

    Stay in shape: Here are a few top tips

    Stay in shape: Here are a few top tips

  • Opinions
    Bawumia to speak on future of Ghana’s economy tomorrow

    How digitalization has made the most impact in the fight against corruption since Ghana’s independence

    Court adjourns Ofosu Ampofo, Boahen trial to February 2

    Disingenuous NDC must end their fault-finding agenda against EC’s proposal to have Ghana Card as an identity for registration by 18-year olds

    NPP ‘packing’ to exit rather than working to break the 8 – Prof Gyampo

    NPP ‘packing’ to exit rather than working to break the 8 – Prof Gyampo

    YEA CEO Post: Replace Kodua with an Ashanti; a humble plea – NPP Youth for Ashanti interest

    YEA CEO Post: Replace Kodua with an Ashanti; a humble plea – NPP Youth for Ashanti interest

  • Health
    Health directorates in Kroboland warn of health emergency over prolonged power cut

    Health directorates in Kroboland warn of health emergency over prolonged power cut

    WHO declares highest alert over monkeypox

    monkeypox Kills One person

    Marburg Virus: Over 100 contacts cleared, 81 others identified – GHS

    Marburg Virus: Over 100 contacts cleared, 81 others identified – GHS

    WHO declares highest alert over monkeypox

    Mining pits possible breeding grounds for bats carrying Marburg virus – GHS

  • World News
    Trump says FBI agents raided his Florida home

    Trump says FBI agents raided his Florida home

    Kenya elections 2022: Odinga, Ruto in tight race for president

    Kenya elections 2022: Odinga, Ruto in tight race for president

    Israel-Gaza: Death toll rises as Israel kills second top militant

    Israel-Gaza: Death toll rises as Israel kills second top militant

    Uganda LGBT rights: Government shuts down key advocacy group

    Uganda LGBT rights: Government shuts down key advocacy group

  • Videos
    Camidoh drops the acoustic performance of his EP

    Camidoh drops the acoustic performance of his EP

    Sarkodie – Happy Day ft. Kuami Eugene (Official Video)

    Sarkodie – Happy Day ft. Kuami Eugene (Official Video)

    Strongman Releases Flawless Official Video

    Strongman Releases Flawless Official Video

  • Sports
    Tamale City secure promotion to Ghana Premier League

    Tamale City secure promotion to Ghana Premier League

    Everton sign Wolves defender Conor Coady on season-long loan

    Everton sign Wolves defender Conor Coady on season-long loan

    West Ham 0-2 Man City: Haaland makes EPL debut & nets brace to seal away win

    West Ham 0-2 Man City: Haaland makes EPL debut & nets brace to seal away win

    Commonwealth Games: Ghana women through to 4×100 relay final, men disqualified

    Commonwealth Games: Ghana women through to 4×100 relay final, men disqualified

No Result
View All Result
  • Home
  • News
    1D1F: Akufo-Addo inspects GH¢9.2M yam/cassava factory in Bimbilla

    1D1F: Akufo-Addo inspects GH¢9.2M yam/cassava factory in Bimbilla

    PRINPAG vets Aspirants for executive election

    PRINPAG vets Aspirants for executive election

    Is The NPP Party For Sale?

    NPP orders party flags to fly at half-mast in memory of Harona Esseku

    C/R: Man inflicts cutlass wounds on co-worker for giving his fiancée, child GH¢20 for food

    C/R: Man inflicts cutlass wounds on co-worker for giving his fiancée, child GH¢20 for food

  • Business
    $100 million allocated for COVID-19 fight exhausted – Health Minister Designate

    IMF BoP support to Ghana reportedly pegged at $3bn

    Ease of setting up online business – Ghana ranks 5th on the Continent

    Ease of setting up online business – Ghana ranks 5th on the Continent

    Local bourse loses 46.79 points as MTN slips

    GSE: Volume of shares traded improves by 20,907%

    Gold Coast Refinery first in West Africa to receive certification from Responsible Jewellery Council

    Gold Coast Refinery first in West Africa to receive certification from Responsible Jewellery Council

  • Entertainment
    Beyoncé’s Renaissance debuts at number one – Asaase Radio

    Beyoncé’s Renaissance debuts at number one – Asaase Radio

    Kidnappers mocked us for raising ₦1.2m to secure release of actors – Actors Guild of Nigeria

    Kidnappers mocked us for raising ₦1.2m to secure release of actors – Actors Guild of Nigeria

    Maintain Your Body – McBrown on criticism that she has enhanced hers

    Maintain Your Body – McBrown on criticism that she has enhanced hers

    Veteran actor, Prince Yawson ‘Waakye’ reported dead

    This is what killed ‘Waakye’

  • Politics
    Exposed: How Mills/Mahama passed law to use Ghana Card as only means of registering to vote

    Exposed: How Mills/Mahama passed law to use Ghana Card as only means of registering to vote

    I treat Majority leader’s ‘dead on arrival’ comment with contempt – Ablakwa

    Ablakwa slams Akufo-Addo following positive assessment of ministers

    E-levy: If slapping Deputy Speaker will make him do the right thing, so be it – Asiedu Nketia

    We’ll cancel any branch election that does not follow the rules – NDC  

    We’ll build a strong economy before 2024 elections in order to break the 8 – Akufo-Addo

    We’ll build a strong economy before 2024 elections in order to break the 8 – Akufo-Addo

  • Lifestyle
    Workout in the nature: Here are top 5 benefits

    Exercises you must do to burn fat: Top 5 Options

    5 ways to naturally detox your body

    5 ways to naturally detox your body

    Nearly a quarter of all women are not able to say no to sex – UNFPA Report

    Sex before a long journey can kill you – Drivers warned

    Stay in shape: Here are a few top tips

    Stay in shape: Here are a few top tips

  • Opinions
    Bawumia to speak on future of Ghana’s economy tomorrow

    How digitalization has made the most impact in the fight against corruption since Ghana’s independence

    Court adjourns Ofosu Ampofo, Boahen trial to February 2

    Disingenuous NDC must end their fault-finding agenda against EC’s proposal to have Ghana Card as an identity for registration by 18-year olds

    NPP ‘packing’ to exit rather than working to break the 8 – Prof Gyampo

    NPP ‘packing’ to exit rather than working to break the 8 – Prof Gyampo

    YEA CEO Post: Replace Kodua with an Ashanti; a humble plea – NPP Youth for Ashanti interest

    YEA CEO Post: Replace Kodua with an Ashanti; a humble plea – NPP Youth for Ashanti interest

  • Health
    Health directorates in Kroboland warn of health emergency over prolonged power cut

    Health directorates in Kroboland warn of health emergency over prolonged power cut

    WHO declares highest alert over monkeypox

    monkeypox Kills One person

    Marburg Virus: Over 100 contacts cleared, 81 others identified – GHS

    Marburg Virus: Over 100 contacts cleared, 81 others identified – GHS

    WHO declares highest alert over monkeypox

    Mining pits possible breeding grounds for bats carrying Marburg virus – GHS

  • World News
    Trump says FBI agents raided his Florida home

    Trump says FBI agents raided his Florida home

    Kenya elections 2022: Odinga, Ruto in tight race for president

    Kenya elections 2022: Odinga, Ruto in tight race for president

    Israel-Gaza: Death toll rises as Israel kills second top militant

    Israel-Gaza: Death toll rises as Israel kills second top militant

    Uganda LGBT rights: Government shuts down key advocacy group

    Uganda LGBT rights: Government shuts down key advocacy group

  • Videos
    Camidoh drops the acoustic performance of his EP

    Camidoh drops the acoustic performance of his EP

    Sarkodie – Happy Day ft. Kuami Eugene (Official Video)

    Sarkodie – Happy Day ft. Kuami Eugene (Official Video)

    Strongman Releases Flawless Official Video

    Strongman Releases Flawless Official Video

  • Sports
    Tamale City secure promotion to Ghana Premier League

    Tamale City secure promotion to Ghana Premier League

    Everton sign Wolves defender Conor Coady on season-long loan

    Everton sign Wolves defender Conor Coady on season-long loan

    West Ham 0-2 Man City: Haaland makes EPL debut & nets brace to seal away win

    West Ham 0-2 Man City: Haaland makes EPL debut & nets brace to seal away win

    Commonwealth Games: Ghana women through to 4×100 relay final, men disqualified

    Commonwealth Games: Ghana women through to 4×100 relay final, men disqualified

No Result
View All Result
My Publisher24
No Result
View All Result
Home Politics

The Cedi Cannot Be Tamed By Mere Propaganda – Sammy Gyamfi 

Jeff by Jeff
August 5, 2022
in Politics
0
Fuel price hikes: NPP government doesn’t care about plight of Ghanaians – NDC
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

The National Communication Officer of the National Democratic Congress (NDC) has asserted that the cedi is the worst currency as it has depreciated by over 17% in 2022.

This, according to Sammy Gyamfi shows that the cedi cannot be tamed by mere propaganda from the government.

His comment comes after Vice President, Dr Mahamadu Bawumia stated that they “have arrested the depreciating cedi, brought down inflation, we have brought down the interest rate.”

Speaking at a press conference on Wednesday, Sammy Gyamfi said “this government has had access to more forex or dollars than any government in Ghana’s history, yet has failed woefully to maintain a stable currency due to their wastefulness and mismanagement of the economy.”

He revealed that the extravagance of the current government and the loss of investor confidence in the country have contributed to the devaluation of the cedi.

The Communication Officer reckoned that the Akufo-Addo administration spent recklessly under the façade of curbing COVID-19.

“This recklessness reach its crescendo in the year 2020 when under the guise of fighting COVID-19, government went on an election-driven spending spree leading to an unprecedented budget deficit of 15.7%. The confessions of one Felicia Tetteh, the NPP’s 2020 Parliamentary Candidate for the Sagnarigu Constituency and Vice Chairperson of the Northern Region captured on tape lends ample proof to how COVID-19 funds were doled out to NPP party functionaries and apparatchiks in the name of Covid-19 relief. It is this recklessness that has plunged the country into the bottomless pit we presently find ourselves.”

Mr. Gyamfi noted that the maladministration of the Bawumia-led Economic Management Team has resulted in huge deficits, thereby, depreciating the value of the cedi.

“As a matter of fact, Ghana has been ranked number two on Bloomberg’s latest Sovereign Debt Vulnerability Ranking published few days ago. Of all the countries in the world, Ghana has been ranked as the 2nd country with the highest risk of debt default.

‘We only performed better than El Salvador, a country with a population of 6.8 million who have had to deal with a recent slump after adopting Bitcoin as its official currency. What an unenviable feat chalked by the Bawumia-led Economic Management Team. Indeed, NPP has the men- “what a solid team”!’’, he teased.

The NDC spokesperson therefore called on the Akufo-Addo administration to put drastic measures in place to stabilize the performance of the cedi.

The depreciation of the cedi has been an alarming situation in the country.

In the last month of the second quarter of the year, the Finance Minister, Ken Ofori- Atta, assured that the Bank of Ghana [BOG] is leading interventions to contain the depreciation of the cedi.

According to him, the Finance Ministry is also “complementing this effort through its fiscal consolidation measures and real sector interventions’’.

He said the implementation of the 30% cut in expenditures, as well as Cabinet-approved expenditure measures, are all helping to reduce the fiscal deficit.

He also affirmed that the cut in expenditures has reduced “pressures on the exchange rate.’’

Source: Myjoyonline.com

Share this:

  • Twitter
  • Facebook
  • WhatsApp
  • LinkedIn
  • More
  • Telegram
  • Skype

Like this:

Like Loading...
Tags: Mere
Previous Post

Stop The Fake Religious Storylines, Fix The Economy – Mahama’s Aide Blasts Bawumia 

Next Post

NPP cautions executives against endorsing presidential and parliamentary aspirants

Jeff

Jeff

Next Post
NPP cautions executives against endorsing presidential and parliamentary aspirants

NPP cautions executives against endorsing presidential and parliamentary aspirants

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

Recommended

Ghana and Norway launch report on cost of piracy in Gulf of Guinea

Ghana and Norway launch report on cost of piracy in Gulf of Guinea

December 9, 2021
Info Minister engages young entrepreneurs ahead of 2022 budget

Info Minister engages young entrepreneurs ahead of 2022 budget

November 4, 2021

Most Popular

1D1F: Akufo-Addo inspects GH¢9.2M yam/cassava factory in Bimbilla
News

1D1F: Akufo-Addo inspects GH¢9.2M yam/cassava factory in Bimbilla

August 9, 2022
PRINPAG vets Aspirants for executive election
News

PRINPAG vets Aspirants for executive election

August 9, 2022
Is The NPP Party For Sale?
News

NPP orders party flags to fly at half-mast in memory of Harona Esseku

August 9, 2022
My Publisher24
  • +233 27 105 2726
  • +233 26 639 5570
  • info@mypublisher24.com
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© MyPublisher24. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Politics
  • Lifestyle
  • Opinions
  • Health
  • World News
  • Videos
  • Sports

© MyPublisher24. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
%d bloggers like this: