Blame Bawumia for cedi fall – Adongo

A minority Member of Parliament for Bolgatanga Central says Ghanaians should blame vice President Dr. Mahamudu Bawumia for the recent depreciation of the Ghana cedi.

According to Isaac Adongo, recent comments by the vice President that some 7 billion cedis is missing from the national coffers sent a wrong signal to the investor community.

The member of the finance committee in parliament in an interview with Starr News’ Ibrahim Alhassan said the Vice President must refrain from negative comments about the economy.

“The first thing this government needs to do is to seriously advise the Vice President that he is no more a runningmate but now a Vice President because certain utterances that he made in the past that affected Ghana in terms of inflow of resources, cost of borrowing, he could get away because he was in opposition but today if u make the same statements…you will find what is happening to the cedi.

But his colleague from the Effutu constituency Alexander Afenyo-Markin, however, disagreed.

According to him, the fall of the local currency will soon stabilize.