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Opinions of Thursday, 14 June 2018

Columnist: Dr. Gideon Boako

Dr. Gideon Boako writes: #The records Speak

This is the breakdown of the year-on-year depreciation of the cedi against the US dollar for the first year of each new president from 1992 to 2017.

The evidence shows clearly that the best performers are Presidents Kufuor and Akufo-Addo.

1993 (Rawlings) – 35%

1997 (Rawlings) – 22.6%

2001 (Kufuor) – 5.0%

2005 (Kufuor) – 1.1%

2009 (Mills) – 15.0%

2013 (Mahama)- 14.5%

2017 (Akufo-Addo) – 4.9%

In the first quarter of 2018 the cedi appreciated by 0.2% – still counting till end of 2018.