General News of Saturday, 6 April 2019Source: mynewsgh.comEMT Lecture: Bawumia went singing leaving the cedi to depreciate – KNUST Lecturer mocksVice-President Dr Mahamudu BawumiaA Political Science lecturer at the Kwame Nkrumah University of Science and Technology (KNUST), Dr. Kwesi Amakye Boateng has thrown tantrums at the Vice president, Dr. Mahamudu Bawumia for refusing to give detailed information on the cedi fall during his lecture on the economy. Vice President Dr Mahamudu Bawumia, who heads the Akufo-Addo government’s Economic Management Team, on 3 April 2019, addressed Ghanaians on the state of the economy at a town hall meeting on the theme: “Our progress, our status, our future”. Ghanaians were yearning to hear from Dr Bawumia, especially, as the local currency, the cedi, takes a beating from the dollar and other major international currencies of trade. According to the Minority in parliament, the fall in the cedi essentially means Ghana’s external debt stock, as of November 2018, shot up to GHS101.3 billion at the current exchange rate. Meanwhile, Dr. Bawumia has blamed the recent depreciation of the cedi on directives from the International Monetary Fund (IMF) to the Bank of Ghana.

Source: GhanaWeb April 06, 2019 08:03 UTC