Dr. Stephen Amoah, Deputy Minister for Finance, has clarified that recent statements regarding the cedi depreciation were misconstrued.
Expressing frustration, Dr. Amoah highlighted what he sees as a trend among some media figures to distort interviewee comments for sensational headlines.
In an interview with Bernard Avle on Citi FM, the Nhyiaeso MP addressed this issue, stating, “We have a country where anybody says anything and they [some media persons]take a part and do stories and create a whole thing out of it and a time will come when it will be difficult to freely grant interviews.”
Responding to a reporter’s question about tackling cedi depreciation on May 29, Dr. Amoah acknowledged it as a recurring issue, emphasizing its complexity and need for a national approach.
He stressed the significance of reducing reliance on imports, which he sees as a major contributor to the cedi’s instability. Looking ahead, he expressed confidence that Vice President Dr. Mahamudu Bawumia, if elected, would introduce a comprehensive long-term strategy to address the cedi’s fluctuations.
Dr. Amoah clarified his earlier remarks, stating his intention was to propose a strategy for stabilizing the cedi in the short term while advocating for a more sustainable, long-term solution.
He reiterated that cedi depreciation is not solely attributable to any one government but requires concerted efforts and structural changes to the economy.
Dr. Amoah reiterated his concern about media misrepresentation, emphasizing the need for accurate reporting and responsible journalism.
