In 2019, now Vice President, Dr. Bawumia was compelled to answer questions on the cedi’s depreciation under his reign as the head of the Economic Management Team. “You will recall that I stated in 2014 that if the fundamentals are weak the exchange rate will expose you. If the fundamentals are weak, the exchange rate will expose you but if the exchange rate moves, you cannot jump to that conclusion that the fundamentals are weak. Captain Smart said that the rise of the dollar against the cedi has exposed Bawumia’s theory. Mimicking Bawumia, he said, “When the fundamentals are weak, the cedi will expose you.

Source: GhanaWeb May 10, 2021 06:56 UTC