{"id":66411,"date":"2024-02-09T08:46:36","date_gmt":"2024-02-09T08:46:36","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/cedi-fall-under-our-govt-is-lower-than-what-we-inherited-bawumia"},"modified":"2024-02-09T09:21:20","modified_gmt":"2024-02-09T09:21:20","slug":"cedi-fall-under-our-govt-is-lower-than-what-we-inherited-bawumia","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/cedi-fall-under-our-govt-is-lower-than-what-we-inherited-bawumia","title":{"rendered":"Cedi fall under our gov\u2019t is lower than what we inherited \u2013 Bawumia"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Vice President Dr Mahamudu Bawumia has said that the Akufo-Addo administration has managed the local currency, the Cedi far better than the previous Mahama administration did.<\/b><\/p>\n

He says the rate at which the Cedi falls against the major trading currencies especially the Dollar has lowered than what was being experienced under Mr Mahama<\/p>\n

\u201cThe depreciation of the Cedi under our government is lower than what we inherited from the 2013-2016,\u201d the flagbearer of the New Patriotic Party (NPP) said during his address at the University of Professional Studies, Accra on Wednesday, February 7.<\/p>\n

Dr Bawumia further pointed out that one cannot ignore the fact that the outbreak of the Covid pandemic and the Russia-Ukrain war devasted global economies including Ghana.<\/p>\n

He recounted that notwithstanding the challenges that the Akufo-Addo administration inherited from the Mahama administration, they managed to stabilize the economy with all economic indicators pointing in the right direction.<\/p>\n

However, he said, the pandemic and the war impacted negatively on these indicators.<\/p>\n

\u201cNotwithstanding the difficulties we inherited, we had to get on with…we have to among other things fix dumsor, National Health Insurance, clear the arrears, make education free and accessible<\/p>\n

\u201cBetween 2017 and 2019, all the indicators, economic growth, industry growth, fiscal deficits, and exchange rate were all moving in the right direction.<\/p>\n

\u201cIn 2020 and 2022 we experienced several challenges triggered by the pandemic which brought the world to a halt,\u201d he said.<\/p>\n

Dr Bawumia also used the opportunity to commend the Bank of Ghan for the support it provided to the government during the crisis.<\/p>\n

He described the criticisms against the central bank as unfair.<\/p>\n

\u201cThe Bank of Ghana provided needed financing to the government at a critical moment. What the BoG did was very responsible in putting the interest of the citizens first,\u201d he said.<\/p>\n

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

Africa-Press – Ghana. Vice President Dr Mahamudu Bawumia has said that the Akufo-Addo administration has managed the local currency, the Cedi far better than the previous Mahama administration did. He says the rate at which the Cedi falls against the major trading currencies especially the Dollar has lowered than what was being experienced under Mr […]<\/p>\n","protected":false},"author":84,"featured_media":66410,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-66411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nCedi fall under our gov\u2019t is lower than what we inherited \u2013 Bawumia - Ghana<\/title>\n<meta name=\"description\" content=\"Vice President Dr Mahamudu Bawumia has said that the Akufo-Addo administration has managed the local currency, the Ce ...\" \/>\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\/cedi-fall-under-our-govt-is-lower-than-what-we-inherited-bawumia\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cedi fall under our gov\u2019t is lower than what we inherited \u2013 Bawumia\" \/>\n<meta property=\"og:description\" content=\"Vice President Dr Mahamudu Bawumia has said that the Akufo-Addo administration has managed the local currency, the Ce ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/cedi-fall-under-our-govt-is-lower-than-what-we-inherited-bawumia\" \/>\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=\"2024-02-09T08:46:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-09T09:21:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/02\/sm_1707457448.247575.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"424\" \/>\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\/cedi-fall-under-our-govt-is-lower-than-what-we-inherited-bawumia#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/cedi-fall-under-our-govt-is-lower-than-what-we-inherited-bawumia\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Cedi fall under our gov\u2019t is lower than what we inherited \u2013 Bawumia\",\"datePublished\":\"2024-02-09T08:46:36+00:00\",\"dateModified\":\"2024-02-09T09:21:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/cedi-fall-under-our-govt-is-lower-than-what-we-inherited-bawumia\"},\"wordCount\":321,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/cedi-fall-under-our-govt-is-lower-than-what-we-inherited-bawumia#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/02\/sm_1707457448.247575.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/cedi-fall-under-our-govt-is-lower-than-what-we-inherited-bawumia#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/cedi-fall-under-our-govt-is-lower-than-what-we-inherited-bawumia\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/cedi-fall-under-our-govt-is-lower-than-what-we-inherited-bawumia\",\"name\":\"Cedi fall under our gov\u2019t is lower than what we inherited \u2013 Bawumia - 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