An aspiring flagbearer of the New Patriotic Party (NPP) Kennedy Agyapong has fired the government for the poor management of the local currency.
He stated that in March 2022, he had $40 million in Cedi equivalent, but by August of that same year, the value had dropped to $16 million because of the depreciation of the Cedi.
Although Mr Agyapong did not mention any name, Vice President Dr Mahamudu Bawumia who is also the head of the economic management team and an aspiring flagbearer of the NPP is usually blamed for the poor performance of the Cedi against the major trading ones, especially the Dollar.
As part of his campaign tour at Kintampo East on Sunday, July 16 to be elected flagbearer, Mr Ken Agyapong who is also an Assin Central lawmaker said “We will have troubles if we don’t do a clean campaign because I will reply to every claim made against me.
“You call yourself a strategist but when we were taking over power the Dollar was 4 Cedis, today One Dollar is Twelve Cedis and yet you call yourself a strategist.
“In March 2022 I had 40 million Dollars in Cedi equivalent, in August 2022 the value of the 40 million dollars had dropped to 16 million.”
Source: 3 News