{"id":11825,"date":"2021-12-06T14:31:23","date_gmt":"2021-12-06T14:31:23","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/ghanas-weak-exchange-rate-has-exposed-bawumia-duffuor"},"modified":"2021-12-06T15:18:00","modified_gmt":"2021-12-06T15:18:00","slug":"ghanas-weak-exchange-rate-has-exposed-bawumia-duffuor","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-weak-exchange-rate-has-exposed-bawumia-duffuor","title":{"rendered":"Ghana\u2019s Weak Exchange Rate Has Exposed Bawumia \u2013 Duffuor"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Former Governor of the Bank of Ghana, Dr Kwabena Duffuor, says Ghana\u2019s weak exchange rate has exposed the incompetence of Vice President, Dr Mahamudu Bawumia and the country\u2019s economic management team. According to Dr Duffuor, the cedi keeps falling at a fast rate against the dollar and claims by the Vice President that he had the competence to stabilise the cedi prior to the 2016 elections have been proven to be mere rhetoric. \u201cThere are challenges obviously, look at the cedi for example, when I was in office [2012] you needed 1 cedi 88 pesewas to get a dollar but now you need 6 cedis 20 pesewas to get a dollar. Years ago, Dr Bawumia said when the fundamentals are weak the exchange rate will expose you, the exchange has exposed the government now, meaning the fundamentals are weak by Bawumia\u2019s own explanation,\u201d Dr Duffuor said on GHONE TV Monday, December 6. The founder of HODA Holdings added \u201cthe cedi is running and he promised that he will arrest the cedi, where is he, Dr Bawumia the cedi is running arrest it. He also made a point that he had worked at the central bank and that there was soo much money and we didn\u2019t have to go and borrow, what has happened during his term.\u201d Dr Duffuor also rejected accusations by some members of the NDC that he is working to distract former President John Mahama from winning the 2024 elections. According to him, his long years of support and service to the NDC and the country is on record and undisputed. \u201cThose claims are just wicked and I pray that those people will put their thinking caps on. It is very unfair. Who will serve a country for four years and will not accept anything, no salary, no allowances, no exgratia, why would I be a mole when money is not my problem,\u201d He told host Serwaa Amihere.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Former Governor of the Bank of Ghana, Dr Kwabena Duffuor, says Ghana\u2019s weak exchange rate has exposed the incompetence of Vice President, Dr Mahamudu Bawumia and the country\u2019s economic management team. According to Dr Duffuor, the cedi keeps falling at a fast rate against the dollar and claims by the Vice President […]<\/p>\n","protected":false},"author":84,"featured_media":11824,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,8],"tags":[5092,5096,5854,429,5990],"class_list":["post-11825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-homepage-english","tag-africa-press","tag-africa-press-ghana","tag-duffuor","tag-ghana","tag-rate"],"yoast_head":"\nGhana\u2019s Weak Exchange Rate Has Exposed Bawumia \u2013 Duffuor - Ghana<\/title>\n<meta name=\"description\" content=\"Former Governor of the Bank of Ghana, Dr Kwabena Duffuor, says Ghana\u2019s weak exchange rate has exposed the incompetence o ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-weak-exchange-rate-has-exposed-bawumia-duffuor\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana\u2019s Weak Exchange Rate Has Exposed Bawumia \u2013 Duffuor\" \/>\n<meta property=\"og:description\" content=\"Former Governor of the Bank of Ghana, Dr Kwabena Duffuor, says Ghana\u2019s weak exchange rate has exposed the incompetence o ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-weak-exchange-rate-has-exposed-bawumia-duffuor\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-06T14:31:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-06T15:18:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2021\/12\/img-61ae298d7b0f9.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"731\" \/>\n\t<meta property=\"og:image:height\" content=\"673\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-weak-exchange-rate-has-exposed-bawumia-duffuor#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-weak-exchange-rate-has-exposed-bawumia-duffuor\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ghana\u2019s Weak Exchange Rate Has Exposed Bawumia \u2013 Duffuor\",\"datePublished\":\"2021-12-06T14:31:23+00:00\",\"dateModified\":\"2021-12-06T15:18:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-weak-exchange-rate-has-exposed-bawumia-duffuor\"},\"wordCount\":337,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-weak-exchange-rate-has-exposed-bawumia-duffuor#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2021\/12\/img-61ae298d7b0f9.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"Duffuor\",\"ghana\",\"Rate\"],\"articleSection\":[\"all news\",\"community\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-weak-exchange-rate-has-exposed-bawumia-duffuor#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-weak-exchange-rate-has-exposed-bawumia-duffuor\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ghanas-weak-exchange-rate-has-exposed-bawumia-duffuor\",\"name\":\"Ghana\u2019s Weak Exchange Rate Has Exposed Bawumia \u2013 Duffuor - 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