Politics of Friday, 24 January 2020Source: XYZ‘Bawumia’s usefulness in NPP reduced drastically’ – Former Suhum MCEVice President, Dr Mahamudu BawumiaFormer Municipal Chief Executive (MCE) for Suhum, Margaret Ansei has mocked Vice President Dr Mahamudu Bawumia for not making it to the committee tasked to investigate the cedi depreciation. After failing to stabilise the country’s economy and currency for the past three (3) years after assuming office, the government inaugurated a 38-member Foreign Exchange (FX) Development Committee. The committee headed by Finance Minister Ken Ofori-Ata is mandated to review the existing forex regime and recommend workable solutions for a stable exchange regime. The government’s head of economic management team, Dr Bawumia was excluded from the committee, raising questions about the competence of the Vice President. But describing the FX committee as a knee jerk reaction to the “failing economy”, Madam Ansei stated, the formation of the FX committee connotes that the government has exhausted all its alternatives to strengthen the cedi that is fast depreciating.

Source: GhanaWeb January 24, 2020 13:41 UTC