Govt’s deliberate policies and programmes reason for Cedi rise – Dafeamekpor

Majority Chief Whip and Member of Parliament for South Dayi, Rockson-Nelson Dafeamekpor has said the current trend of rise of the Cedi against the dollar is due to deliberate policies instituted by government.

Dafeamkepor believes that Finance Minister, Dr. Cassiel Ato Forson and Governor of the Bank of Ghana, Dr. Johnson Asiama should be credited for the quick rise in the dollar against the cedi.

Although he acknowledges that the US tariff has contributed to the current trend in the cedi appreciation, the legislator says government has initiated policies to contribute to the cedi’s appreciation.

“This is not happening whimsically. It is taking very deliberate policies and programmes. Now you have a new governor and the finance minister and his team who are spending sleepless nights fashioning top class policies to make sure that we start on healthy note and people are saying external factors, I agree. But when Trump withdrew the US Aid we lost $200 million, it could have done something for the Cedi, it hasn’t come in , we had to go and look for that money.

“What is happening is actually two smart guys, Dr. Ato Forson and Dr. Asiama sitting down and listening to other smart guys they have put together and they are working. I think that’s where the credit should go,” he explained.

 

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