{"id":73685,"date":"2024-05-20T17:15:21","date_gmt":"2024-05-20T17:15:21","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=73685"},"modified":"2024-05-20T16:40:40","modified_gmt":"2024-05-20T16:40:40","slug":"npp-ndc-have-been-abysmal-in-managing-the-cedi-john-kwakye","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/npp-ndc-have-been-abysmal-in-managing-the-cedi-john-kwakye","title":{"rendered":"NPP, NDC have been abysmal in managing the Cedi \u2013 John Kwakye"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, has noted that the New Patriotic Party (NPP) and the National Democratic Congress (NDC) have all performed badly in managing the Cedi. <\/b><\/p>\n

He recounted that the NDC, during their tenure, took the cedi-dollar rate from 1.20 at the end of 2008 to 4.20 at the end of 2016.<\/p>\n

Currently, the governing NPP has taken it from 4.20 to 13.77 as of 16th May 2024.<\/p>\n

\u201cBoth are very abysmal. No one should even dare tell us that one is better than the other,\u201d he wrote on X.<\/p>\n

Dr Kwakye, a former official of the Bank of Ghana, also stated that in the coming days, he would suggest better ways to tackle the woes of the Cedi.<\/p>\n

Cedi woes: This is not a good time for businesses \u2013 CEO of Chamber of Commerce<\/p>\n

\u201cWaiting to receive IMF disbursement to stabilise the bleeding cedi, which is not even sustainable, is a pity.<\/p>\n

\u201cDon\u2019t our economic managers have other options? Watch out for my article next week suggesting a menu of firefighting, short-term, medium-term and long-term options.\u201d<\/p>\n

The currency hasn\u2019t gained versus the dollar in the past 22 trading sessions, the longest streak, Bloomberg reported.<\/p>\n

The currency hasn\u2019t gained versus the dollar in the past 22 trading sessions, the longest streak according to data compiled by Bloomberg going back to 1994. The cedi traded 0.3% weaker at 13.9310 by 1 p.m. in London.<\/p>\n

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

Africa-Press – Ghana. The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, has noted that the New Patriotic Party (NPP) and the National Democratic Congress (NDC) have all performed badly in managing the Cedi. He recounted that the NDC, during their tenure, took the cedi-dollar rate from 1.20 at the […]<\/p>\n","protected":false},"author":84,"featured_media":73684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-73685","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":"\nNPP, NDC have been abysmal in managing the Cedi \u2013 John Kwakye - Ghana<\/title>\n<meta name=\"description\" content=\"The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, has noted that the New Patrioti ...\" \/>\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\/npp-ndc-have-been-abysmal-in-managing-the-cedi-john-kwakye\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NPP, NDC have been abysmal in managing the Cedi \u2013 John Kwakye\" \/>\n<meta property=\"og:description\" content=\"The Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, has noted that the New Patrioti ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/npp-ndc-have-been-abysmal-in-managing-the-cedi-john-kwakye\" \/>\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=\"2024-05-20T17:15:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1716210384.873684.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1183\" \/>\n\t<meta property=\"og:image:height\" content=\"668\" \/>\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\/npp-ndc-have-been-abysmal-in-managing-the-cedi-john-kwakye#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/npp-ndc-have-been-abysmal-in-managing-the-cedi-john-kwakye\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NPP, NDC have been abysmal in managing the Cedi \u2013 John Kwakye\",\"datePublished\":\"2024-05-20T17:15:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/npp-ndc-have-been-abysmal-in-managing-the-cedi-john-kwakye\"},\"wordCount\":256,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/npp-ndc-have-been-abysmal-in-managing-the-cedi-john-kwakye#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1716210384.873684.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\/npp-ndc-have-been-abysmal-in-managing-the-cedi-john-kwakye#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/npp-ndc-have-been-abysmal-in-managing-the-cedi-john-kwakye\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/npp-ndc-have-been-abysmal-in-managing-the-cedi-john-kwakye\",\"name\":\"NPP, NDC have been abysmal in managing the Cedi \u2013 John Kwakye - 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