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Fix depreciating Cedi and stop dancing off-beat – Ato Forson to Bawumia
The Minority in Parliament has expressed concern over the ongoing challenges facing the Ghana Cedi, warning that the situation is likely to deteriorate further.
They highlighted that the local currency now trading at GH₵15 against a dollar has led to traders passing on the increased costs to consumers.
This has resulted in a noticeable surge in the prices of goods and services across various commercial districts such as Okaishie, Abossey Okai, and Kejetia.
Addressing journalists in Parliament on Wednesday, May 15, 2024, the Minority Leader Dr. Cassiel Ato Forson criticised the Chairman of Economic Management Team, Dr. Bawumia, for what he perceives as a failure to address the currency’s depreciation effectively.
Dr. Ato Forson emphasised the adverse impact of the Cedi’s decline on businesses, stressing the need for urgent action to stabilise the situation.
The former Deputy Finance Minister urged all well-meaning Ghanaians to hold Dr. Bawumia accountable for his performance as the head of the Economic Management Team.
He argued that Dr. Bawumia’s administration has fallen short in managing the economic challenges, particularly regarding the stability of the Cedi.
According to him, “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 leaves a lot to be desired. 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 in tatters,” he noted.
“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,” he said.
The Minority’s remarks come amidst growing concerns among traders and consumers regarding the continuous depreciation of the Cedi and its ripple effects on the cost of living.
Many traders have been forced to adjust their prices upwards to offset the increased exchange rates, further burdening consumers already grappling with economic challenges.
Source: Citinewsroom.com
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Traders, ‘Okada’ riders take over Circle pavement
• Korle-Bu CEO with staff of Nivaansh MediQas
Activities of traders and drug addicts are contributing to make the Kwame Nkrumah Interchange (Circle) area very uncomfortable and unsafe for commuters.
Day in and out, pedestrians are ‘ejected’ from the pavement created for their safety as traders preferred to sell their wares on that space.
That hinders the free movement of the pedestrians.
The small space left for the pedestrians are also shared with ‘Okada’ riders.
As if these woes are not enough for a commuter on a single day, they also have to navigate carefully to avoid clashes with drug addicts and the mentally challenged.
These people have turned the pavements into their places of abode, covering every inch of space with their wares.
Our photographer, Lizzy Okai, captures some of the unfriendly scenes the authorities must try and deal with to restore sanity to the area.
By Lizzy Okai
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NDC outlines demands before committing to Peace Pact
The National Chairman of the opposition National Democratic Congress (NDC), Johnson Asiedu Nketia, has set forth specific conditions that the party insists must be met before considering signing the Peace Pact advocated by the National Peace Council in anticipation of the December 7 elections.
Mr. Nketia expressed scepticism about the effectiveness of past Peace Pacts, highlighting that they had not achieved their intended outcomes, particularly referencing the 2020 elections, during which eight NDC members were allegedly killed by national security operatives without accountability.
During an August 20 meeting with the National Peace Council at the NDC headquarters, Mr. Nketia detailed the certain conditions for the NDC’s participation in the Peace Pact.
The NDC is demanding that the recommendations from the investigation into the violence during the Ayawaso West Wuogon by-election be fully implemented.
They also want those responsible for election-related violence in the last election to be prosecuted, stressing the importance of justice and prevention.
The party is calling for accountability regarding irregularities in the printing of ballot papers and insists that visible measures be taken to prevent such issues from happening again.
They are also pushing for a thorough investigation into the missing IT equipment from the Electoral Commission’s (EC) warehouse, expressing concerns about the integrity of the EC’s systems and the potential bias of its staff.
Furthermore, the NDC is urging the President to publicly commit to respecting the results of the 2024 elections. Lastly, the party insists that the Peace Pact should be signed by key figures, including the Inspector General of Police, the Chief Justice, the Attorney-General, and the National Security Coordinator, before they will consider signing it themselves.
Source: Citinewsroom.com
