A Dollar Would Have Been GHC 50 If The NPP Were Not In Power – Carlos Ahenkorah

Carlos Ahenkorah, the Member of Parliament for Tema West, has emphasized the importance of the New Patriotic Party (NPP) being in power, attributing it to the relatively stable economic conditions despite ongoing challenges.

In an interview on UTV, Ahenkorah expressed gratitude for the NPP’s governance, stating that if the opposition National Democratic Congress (NDC) were in power, the economic situation would have been more dire. He highlighted the positive impact of government initiatives like the ‘Gold For Oil’ deal in stabilizing the exchange rate, averting a scenario where the dollar could have reached 50 cedis.

Similarly, Dennis Miracles Aboagye, spokesperson for the Mahamudu Bawumia Campaign Team, echoed Ahenkorah’s sentiments on Starr Chat with Bola Ray. He commended the NPP’s efforts in managing the cedi to dollar rate amid global challenges, suggesting that if similar conditions occurred under previous administrations, the exchange rate could have skyrocketed to 25 or 30 cedis per dollar.

Aboagye pointed out external factors such as COVID-19 and geopolitical conflicts impacting currency rates, contrasting them with past economic conditions. He emphasized the need to consider contextual factors in assessing economic management.

These statements come amid concerns over the rising cedi to dollar rates, currently standing above GHc14. The discussions underscore the importance of effective economic policies in navigating uncertain global financial landscapes.