Monday, 17 June

Stop your off-beat dancing and fix dancing cedi - Minority caucus tells Bawumia

Dr Mahamudu Bawumia

Vice President Mahamudu Bawumia must focus on stabilising the "dancing cedi" that is currently trading at GH₵15 to the dollar and stop his off-beat dancing on the campaign trail, the minority caucus of parliament has said


Speaking to journalists in parliament on Wednesday, 15 May 2024, Minority Leader Cassiel Ato Forson said: "In spite of the huge inflows of foreign exchange from the IMF and the World Bank into the Ghanaian economy, and I'm talking of billions of Ghana cedis, billions of US dollars, the government's action and its management of the cedi have continued to fuel steep depreciation with no end in sight unfortunately."

"So far, the decisions of the Economic Management Team, chaired by our Vice President Alhaji Bawumia, leave a lot to be desired," Dr Ato Forson said.

He noted: "The reality of the Ghanaian economy today exposes the credentials of the so-called economic wizkid who was marketed as the saviour of Ghana's economy. Alhaji Bawumia’s credibility is now tatters."

"I want to use this opportunity to urge the Vice President to quit his off-beat dancing on the campaign trail and focus on the dancing cedi. There's a lot awaiting our country as a result of reckless mismanagement by Alhaji Bawumia’s government."