Wednesday, June 13, 2018

DOLLAR RATE UNDER BAWUMIA IS RUNNING ON JET ENGINE. King Kong

If we can recall, the ruling government made serious noise about the cedi during the 2016 general elections and promised Ghanaians that under their governance they will make sure to reduce the dollar against the cedi rate. This promise and other numerous promises made a way for them to ascend the throne, but what we are seeing now is rather the opposite of our expectation. Dollar against the Ghanaian cedi is alarming, fuel price is very disturbing and living conditions have become very frustrating.
It looks as if the good people of Ghana were taken for granted during the 2016 elections with numerous and unachievable promises and assurances.
Dr. Bawumia was praised everywhere and all looked as if his management intelligence was far ahead of the majority, but what we are seeing now as Ghanaians only means that the vice president of the republic of Ghana is a novice when it comes to national economic nd financial management.
NDC left office with GHC 4.3Op against $1 but now NPP and Dr. Bawumia have decided to stop chasing the dollar therefore the interval between the 2 currencies have widened to GHC4.74p as against $1. These figures only mean that NDC government was really doing something about the dollar rate but the NPP in government is portraying ignorance about the whole thing.
Dollar rates acttually determine the performances of the state economy at the international market, so if the cedi is depreciating in value then it only means the current government is mismanaging funds and by so doing prices of goods and services are going to soar high.

By: King Kong

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