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We’ve Made The Cedi Stronger – Dr. Bawumia

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The Vice President, Dr. Mahamudu Bawumia says the cedi has performed better under the Akufo-Addo administration compared with the erstwhile Mahama administration.

According to him, the ruling NPP government through its prudent management of the economy has reduced the depreciation rate of the cedi by 50 percent since 2017.

He stated that Ghana runs a flexible exchange rate which allows the market forces to determine the rate of exchange leading to the depreciation of the currency.

He, however, said, inasmuch as it is so, government has ensured a low inflation rate thereby impacting the strength of the cedi positively.

“Ghana runs a flexible exchange rate regime and not a fixed exchange rate regime. So the exchange rate will be dependent on the market forces but fundamentally the exchange rate will be determined by the inflation rate, [with] all other things being equal.”

“So if you have high inflation, you will have higher depreciation. If you have lower inflation, you will get a lower depreciation. So that is the fundamental rule. We didn’t say we were going to lock the exchange rate at one rate but essentially lock it within the range of fundamentals such that the lower inflation rate will produce a lower depreciation rate [of the cedi].”

“Before we assumed office in 2017, the cedi was depreciating at 18 percent annually on average. But during our tenure from 2017 to 2019 it was 8.7 percent on average. So it is 18 percent versus 8 percent. So we have reduced by 50 percent the rate of depreciation of the currency.”

Dr. Bawumia further added that the NDC failed to continue the good fundamentals the Kufuor-led administration left behind thereby quadrupling the depreciating rate of the cedi in its 8-year rule.

“The way the currency was going under the NDC administration, the currency was 1 Ghana Cedi to 1 dollar almost at that time [2009] but they left office with 4 Ghana Cedis to 1 dollar. So it was a quadrupling of the nominal rates of the Cedi and if it had followed on that trajectory, it would have been 16 Ghana Cedis to 1 dollar.”

Dr. Bawumia spoke on Peace FM’s Kokrookoo Show with Chairman General, Kwame Sefa Kayi on Tuesday, August 25, 2020.

Source: GhanaFeed.Com

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Voter Exhibition: No Missing Names, NDC Lying – NPP

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The New Patriotic Party (NPP) says the NDC’s claims of missing names in the ongoing voters’ register exhibition are baslesss.

According to the party’s Director of Elections, Mr. Evans Nimako, the NPP’s monitoring team have not raised any alarm of missing names as it’s being claimed by the NDC.

In an interview on Citi FM’s Eyewitness news, Mr. Nimako said, “The NDC can go ahead with their continuous allegations. For me they are baseless, they have no merit, and we shouldn’t give it that attention”.

“We have asked our agents in all centres to furnish us with the details on contents in all the registers. We are monitoring the whole process.”

“We will not sit and wait for anybody to spoon-feed us, but we are going according to the dictates of the law.”

Source: GhanaFeed.Com

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Yaa Jackson’s Ebefa Is A Hit, She Deserves An Award – Flexer Gh

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Ghanaian dancehall star Flexer Gh has once again come out with a strong opinion on a trending issue which has captured the imagination of Ghanaians all over.

Over the past two or three days, all that people have been talking about is the issue of a man known as Dr UN – the legendary scammer who turned Sarkodie into a laughingstock.

Dr UN, real name Dr Kwame Owusu Fordjour, held an award ceremony to honour many Ghanaian celebrities including Sarkodie with the Global Leadership Service to Humanity award

However, the whole thing was apparently fake, leaving the leader of the Sark nation at the mercy of trolls for the past three days.

Controversial Reggae dancehall star Flexer Gh has added his voice to the trolling being dished out to Sarkodie in a post on social media.

According to Flexer, upon all of Sarkodie’s resources he couldn’t check to be sure that the awards he was going to participate in was a real award scheme.

He also paid homage to Yaa Jackson in his post, revealing that in his eyes her song ‘Ebefa’ is a hit and deserves an award.

“My Ribs. @sarkodie Fans La UN Awards La Disgrace La Feeding Bottle. So If Sark No Check Angelo To No Fi Check? 😂Angel Obinim Self Deserve Fashion Award Cos His Dressing Alone Makes Other Pastors Hate Him But Seriously Yaa Jackson (Ebefa) Is A Hit She Deserve An Award.✨✨✨✅” he wrote.

Flexer Gh, head of the Bada Movement, is carving a niche for himself for dropping controversial and interesting takes on numerous issues.

He once slammed Kennedy Agyapong for his constant attacks against Ghanaian pastors and also mocked Shatta Wale for thinking he can take on Stonebwoy in a lyrical clash.

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Agya Koo Campaigns For NPP Because That’s His Only Source Of Feeding Now That Movie Has Rejected Him – Flexer Gh Exposes Agya Koo

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Ghanaian dancehall star Flexer Gh has once again opened fire on the ruling NPP government in a fiery rant online.

The head of the Bada Movement (BM), Flexer Gh in a post on his Facebook handle slammed the ruling government for being incompetent in power and argued that the NDC flagbearer, John Dramani Mahama on his own is better at running the country than the entire NPP.

Reggae-dancehall artiste Flexer Gh, also known as the demon of God, went completely haywire on Facebook taking aim at the ruling government.

He also slammed Agya Koo as a hungry actor campaigning for NPP because his career is dead.

The 27-year-old BM boss, who recently celebrated his birthday wrote on his profile: If You Care To Know In My Own Opinion Single Mahama Is Better Than The Whole Npp Party And It Leaders. You Can’t Control Single Kennedy Agyapong And You Want Another 4 More Years For What? God Never Chose You Over Mahama And Thats The Truth. Mahama Has Intelligence To Govern Ghana Better Than Nana Addo. Small Sammy Gyamfi Can Govern Ghana Better Than Mr Fellow Ghanaians. I Lie? And If You Dont Know Kennedy Agyapong Stupid Lies On His Tv Station Has Destroyed Homes. Leave Agya Koo To Campaign For Npp That Is His Only Source Of Income Now That Movie Has Rejected Him And You People Shouldn’t Say Trash Cos Am The Only Ghanaian Artist To Ever Appeared On NigeriaFrance Embassy.

Flexer’s powerful attacks on the NPP have been a theme surrounding him in recent days.

He has particularly aimed at Assin Central MP Kennedy Agyapong for spewing lies and disinformation on his Net 2 TV channel.

In a similar recent attack, Flexer slammed Agyapong for going after his spiritual father Obinim and other pastors. According to the dancehall star, despite his age, the MP acts and behaves like a baby.

Born Sedrick Ahiamadia, Flexer Gh is a Ghanaian reggae-dancehall artiste making waves. His single with Jupitar ‘Eagle’ has been widely acclaimed and shooting him to the top.

Flexer Gh for a time was the only Artiste from Ghana to appear in the Rhymes Chat and enjoyed praises from Nigeria music industry social pages. He’s also credited as the only artiste to appear on the NigeriaFrance Embassy page.

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