Vice President Dr. Mahamudu Bawumia has touted the Nana Akufo-Addo led government as the most efficient in terms of managing the continuous depreciation of the Ghanaian currency and reducing the sufferings of Ghanaians.
According to him, the NPP government since coming to power has managed the cedi better than the previous government as well as reduced what he described as sufferings of the ordinary Ghanaian through the many interventions rolled out by the current administration.
He noted in an interview on Monday, Monitored by ABC News that “Fundamentally, we have managed the cedi better by all accounts. We did arrest the runaway depreciation in the cedi and therefore if you look at the record in terms of the depreciation of the Cedi in the last four-five years or eight years, you will see that since the NPP came into power, the rate of the cedi depreciation is 50% less than what it was before and that is what the data the shows.”
He added that “So yes we have arrested the depreciation of the cedi, we have brought down inflation, we have brought down interest rate, we have brought down deficit, we have increased growth, we have reduced unemployment, we have reduced the suffering of the people in the context of paying for electricity, we have reduced the price of electricity; the only government that has been able to do so in recent times. We have reduced the price of water, we have created many jobs in the sector.”