Mr. Antwi-Boasiako, the NPP’s regional chairman for Ashanti, has educated former president John Mahama on the reasons why the dollar is performing well in comparison to other currencies like the euro and the cedi.
The euro has currently lost parity with the dollar in Europe, falling to its lowest point in 20 years and terminating a one-to-one exchange rate with the American money.
Mr. Antwi-Boasiako, also known as Chairman Wontumi, said that he is humiliated by the fact that Mr. John Mahama ignored outside considerations in his research before choosing to make fun of Vice President Bawumia for the dollar’s increase.
According to him, currently in Europe the euro is “suffering in the hands of the dollar” which are all due to the impact COVID-19, Russia-Ukraine war and the tension between China and Taiwan is having on all economies.
Mr. Mahama is reported to have said that “now as we are all witnesses, the dollar has bolted, when asked where it is headed, it said it had been granted bail. When we investigated, it turned out that it was the cedi that had been jailed and the dollar had been bailed”.
But Chairman Wontumi responded in equal measure by mocking the former President for knowing little or keeping up with international news.
He accused Mr. Mahama of being a double faced person who lies on the local stage but tells the truth when put on an international platform to speak.
According to the NPP Chairman when Mr. Mahama was invited to speak at the Harvard Business School, he acknowledge that COVID has slowed down economies all around the world but is now refusing to admit this same fact in Ghana.
It would be recalled that Mr. Mahama told a gathering at the Harvard Business School that “Covid-19 created the continent’s worst recession in 50 years with real GDP shrinking by an average of 3% in 2020.”
“Before the pandemic, poverty reduction was already a major challenge. The pandemic is estimated to have dragged about 55 million more people into poverty in Africa and exposed another 46 million more to the risk of hunger, and malnourishment. Indeed 70% of hunger in Africa, which had already been on the rise since 2014 is directly attributable to this pandemic.”