Vice President Dr Mahamudu Bawumia has once again highlighted the performance of the cedi under the Akufo-Addo government.
He said the local currency has not only performed better but its drop against major international currencies has been stabilised.
Speaking at the maiden Townhall Meeting in Kumasi, he said under the Akufo-Addo government the performance of the cedi has been much than the Mahama regime which experienced a free fall.
“How has the cedi performed under the government of Nana Akufo-Addo in the last three years? The answer is very simple. Between 1993 and 1996, which is the first term of the Fourth Republic, the average rate of depreciation of the cedi was 27.95 per cent.
“From 1997 to 2000, it was 25.19 per cent. From 2001 to 2004, we drastically reduced to 11. 4 per cent under President Kufuor. In 2005 to 2008, the second term to 6.75 per cent.
Latest Stories
- School feeding programme: Caterers reject proposed increment to ₵1.20 per child
4 mins - Burna Boy makes history in London with sellout stadium show
36 mins - UEW staff write to Akufo-Addo to remove Governing Council Chair over abuse of office, appointment of VC
49 mins - Savannah Traditional Council working to resolve Gonja-Mamprusi conflict
58 mins - Woman jailed over infant deaths pardoned
1 hour - Ecobank Ghana supports Zero Malaria Business Leadership Initiative with $120,000
1 hour - Prince Harry accused of ‘wasting time’
2 hours - Billie Jean King Cup: Richard Ayi Dartey announces Ghana’s squad
2 hours - Five bills expected to be laid as Parliament reconvenes tomorrow
2 hours - 2023 AFCONQ: Asamoah Gyan expresses ‘worry’ about Black Stars squad for Madagascar clash
2 hours - Lasmid leaves Highly Spiritual Music – Kaywa confirms
2 hours - June 4 uprising occurred for far less than what is happening in Ghana today – Mahama
2 hours - There is no law to empower GHAMRO to charge for music play – Rex Omar
2 hours - Gunmen kill dozens and kidnap children in northern Nigeria
2 hours - Power Purchase Agreements: Let’s go for least-cost procurement competitive tender regime – former VRA Boss
2 hours