You are here: HomeBusiness2018 06 22Article 662520

General News of Friday, 22 June 2018


Cedi depreciation: Bawumia, IGP must resign – Sam George

Member of Parliament for NIngo-Prampram, Sam Nartey George has called for the heads of the Vice President, Dr. Mahamudu Bawumia and the IGP Mr. Asante Appeatu to roll, for failing to deliver on the promise of stabilizing the cedi against the dollar.

“As a matter of principle, Dr. Mahamudu Bawumia and the IGP must step down because the Cedi has broken jail”. He was speaking on Starr fm`s morning show “Morning Starr” with host Francis Abban.

According to him, the fast nature of the depreciation of the cedi is a clear indication of a failed government. He said he recalls Dr. Bawumia made an emphatic statement with regards to stabilizing the cedi by way of arrest.

“Dr. Bawumia told us that he has arrested the cedi and locked it and had giving the keys to the IGP, meaning the cedi was now in the custody of the police, but what are we seeing now, the cedi has jailbreak”.

The former presidential staffer laid the blames of the current cedi depreciation right at the doorstep of the Vice President, accusing him of not being truthful to the people of Ghana and also failing to apologize for same in the manner in which the Ghanaian currency is losing value.

Although the government has maintained that it has put in place robust measures to halt the free fall of the cedi in the coming weeks, Sam George pooh-poohed those measure saying it’s just “talk shop”.

The current rate of the cedi depreciation has sparked debate between the government and the major opposition party, the National Democratic Congress (NDC) with both parties always playing politics with the issue.