Audio By Carbonatix
A development and organisation policy analyst, Dr Mawai Zakaria, says recent comments by former President Rawlings regarding the economic consequences of the redenomination of the Ghana cedi must not be treated with malice.
"We need to look at it and query it, noting that it is coming from a former President and also interrogating it with an economic lens", said Dr Zakaria.
Former President Rawlings on June 4 marked 35 years of the uprising that toppled the Supreme Military Council (SMC) in 1979, where he, among other things accused the John Agyekum Kufuor-led government of corrupt practices during its cedi redenomination in 2007.
The redenomination knocked off four zeros from the existing denominations and also saw the introduction of the current cedi notes.
President Rawlings also blamed the current economic crisis on the decision by his successor, former President Kufuor, to redominate the currency, and challenged the New Patriotic Party (NPP) to declare what it did with old notes in the run up to its phasing out.
Although President Rawlings has come under a deluge of harsh criticisms for those comments, Dr Zakaria said on Newsfile, news analysis programme on Saturday that, critics must not lose sight of the fact that after the redenomination, vendors reviewed their prices upward, sparking price inflation generally.
In Dr Zakaria's views, former President Rawlings' comments have been starved of dispassionate analysis because he was once a political head.
Latest Stories
-
Forest guards shot by suspected illegal loggers while protecting plantation at Abesewa
4 minutes -
Atta Akyea takes over Chairman Wontumi’s Tano Nimiri illegal mining case, trial resumes July 31
7 minutes -
TOR engages CSOs on recovery plans as refinery pushes transformation agenda
17 minutes -
‘We are not an afterthought’: Ghanaian activists demand seat at the table in global textile policy
19 minutes -
Fuel prices could go up again this week — COPEC
20 minutes -
Odorgonno SHS marks 86th anniversary
25 minutes -
Vote-buying impoverishes Ghanaians, weakens democracy – Chief Justice
29 minutes -
NSMQ 2026 : Serwaa Nyarko Girls’ SHS edges Wesley High by one point to secure slot at nationals
30 minutes -
IoD Ghana inducts new fellows, urges directors to strengthen governance and embrace continuous learning
30 minutes -
Maxima Media Group launches maiden edition of Foodies Choice Awards
32 minutes -
ICU petitions President Mahama to stop VALCO sale, warns of national action over job losses
38 minutes -
Ghana Medical Association demands ban on single-use plastics to protect public health
39 minutes -
Cutting expenditure isn’t savings: Prof. Isaac Boadi urges caution over Ghana’s economic indicators
39 minutes -
BoG mourns passing of Yaa-Naa Abukari II, pays tribute to his legacy of peace and unity
39 minutes -
Glasgow 2026: Ramatu Quaye eliminated after round 16 Flyweight loss to Canada’s Wall Amber-Jane
41 minutes