‘Clueless, Incompetent, Yenkyendi Government’ – Mahama blasts Akufo-Addo Over Cedi Depreciation

John Dramani Mahama, flagbearer of the opposition National Democratic Congress (NDC), has issued a strong critique of President Nana Addo Dankwa Akufo-Addo and his administration. Mahama described the current government as “clueless” and “incompetent,” accusing it of failing to manage the Ghanaian economy effectively. His comments specifically targeted the administration’s handling of the national currency and broader economic challenges.

Mahama’s remarks recalled a 2016 post on X (formerly Twitter) by then-candidate Akufo-Addo, in which Akufo-Addo criticized the Mahama administration for the cedi’s depreciation against the dollar. At that time, the exchange rate was 3.72 GHC to 1 USD. Akufo-Addo attributed this to poor leadership and promised significant improvements if elected.

“An obviously clueless, incompetent, and ‘yenkyendi’ government. The dollar is today trading above 15 GHC,” Mahama stated, referencing the current exchange rate, which has seen the cedi depreciate significantly under Akufo-Addo’s presidency. He further accused the current administration of being composed of “selfish individuals living at the expense of the larger populace” and promised to “RESET and repair the damage to the Ghanaian economy.”

Mahama’s critique comes at a time when the exchange rate and the depreciation of the cedi against major trading currencies, especially the US dollar, remain critical concerns for Ghanaians. Economic stability and currency strength are perennial issues that influence public opinion and voter behavior in Ghanaian elections.

Under President Akufo-Addo’s administration, the cedi has depreciated from 3.72 GHC per USD in 2016 to over 14.8 GHC per USD in 2024. This significant depreciation has sparked criticism from various quarters, highlighting a perceived disconnect between the administration’s promises and its economic performance. Inflation and other economic challenges have exacerbated the situation, further fueling public discontent.

Mahama’s promise to “RESET and repair” the economy resonates with his broader campaign message, positioning himself as a leader capable of restoring economic stability and growth. As the 2024 elections approach, the exchange rate and overall economic health will likely remain pivotal issues in political discourse, shaping both campaign strategies and voter decisions.

Source: GhanaFeed.Com