“Even with strong economic fundamentals, speculations, expectations and investor sentiments can exert pressure on the exchange rate,” he said. These “significantly weak” fundamentals were behind the cedi losing 31.3% of its value in 2014. But a look at the economic fundamentals under the New Patriotic Party (NPP) he said, showed stronger stability with inflation hovering at 9.4%, interest rate dropping. Vice-President Dr. Bawumia said when the economic fundamentals were weak in 2014, it compelled the Mahama government to go for an IMF bail-out. “Then you say ‘boot-for-boot, this one is more like ‘boot for Chalewote’,” suggesting that on matters of the economy there is a no contest between the NPP and NDC.

Source: GhanaWeb April 03, 2019 13:18 UTC