Many people didn’t quite understand the transaction; they thought that we had gone to borrow US$2billion to add to Ghana’s debt, no, we are actually replacing more expensive debt with less expensive debt, elongating it and making it difficult for this country to settle.”
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He said the process has resulted in a massive increase in Ghana’s foreign exchange reserves. From independence to the end of 2016, Ghana’s foreign reserve was some US$6billion.
In less than 100 days, we have increased those reserves from $6billion to $8billion and with that you have a lot more confidence in the economy and you have seen a stability return to the cedi in value,”
Dr Bawumia. Date: Apr – 17 – 2017
Even with this gymics the Dollar escaped jail and the cedi is almost A TOILET PAPER before the dollar.
Ghana is bleeding, the cedi is a tumbling and Ghanaians are suffering and dying of extreme poverty and hunger.
Ghana seriously need rescue indeed, and H.E. John Dramani Mahama is the only person who has the vision currently to transform and turn the collapsed economy and the collapsed central bank of Ghana on the path of growth and prosperity again.
Comrade Baba Iddrisu, the executive secretary of Caucus For Mature Democrats (CMD) is very angry at how Ghanaians has become so soft and weak to the extent that, while it is so clear that our country, economy, finances and democracy are being TOYED WITH, we are still weak in expressing our revulsion to the executive led by the mother serpent of corruption, akufo addo and his looting government.
It must be made very clear to the people of Ghana that, the collapsed central bank and economy we face today is as a result of the deliberate effort by the akufo addo led government to impose suffering and hunger on Ghanaians.
We must therefore come together as a nation to vote NPP out of office. We can only do that by supporting JM and voting massively for NDC come election 2024, to help put the collapsed central bank and the economy back on the path of growth and prosperity. This is the only way we can help in building the Ghana we all want.
Comrade Baba Iddrisu, the executive secretary of Caucus For Mature Democrats (CMD). A Civil Society Organisation (CSO) responsible for facilitating good governance, equal rights to fair development, probity, accountability and social justice
