Business News of Saturday, 25 January 2020Source: www.ghanaweb.comStop playing politics with cedi depreciation - Prof. Bokpin to NDC, NPPEconomist, Prof Godfred A. BokpinEconomist, Prof Godfred A. Bokpin has charged the two major political parties in the country, the NDC and NPP, not to be political when it comes to the depreciation of the cedi. According to him, the cedi has been depreciating since its introduction in the 1960s and it will continue to depreciate for a long time so theories various political parties present to stabilise it can’t be substantiated. He said the use of the cedi’s fluctuations in politics will lead to people holding politicians accountable for the solutions they propose while in opposition and their ability to succeed when given the power. But whether it is the NPP or the NDC, the reality on the ground is that you cannot do politics with the cedi,” he said on Newsfile. The professor of finance at the University of Ghana noted that the Vice President Dr Mahamudu Bawumia, exaggerated when he promised to stabilize the cedi while the NPP was in opposition.

Source: GhanaWeb January 25, 2020 14:48 UTC