President of Artisanal Palm Oil Millers and Outgrowers Association of Ghana, Paul-Kwabena-Amaning, has said the Akufo-Addo led government has slowed down depreciation rate since coming to power in 2017.
Mr Amaning continued that, “it’s not possible to keep the rate of depreciation at one point but you can manage the rate at which it depreciates and that is what I meant.”
On that, he indicated that the government has honoured its promise as the rate of depreciation has been lowered significantly.
According to him, apart from the era of ex-President Kufuor, no other government in the annals of the country has performed so well in the area of cedi depreciation than the current regime.
“The only regime that performed better than us is in the arena of the management of cedi depreciation is former president Kufuor’s era between 2003 and 2005” the doctor in economics emphasized," Paul-Kwabena-Amaning exclusively told Okatakyire Obeng Mensah on ‘Pae Mu Ka’ on Accra-based Kingdom FM 107.7
He further stressed that unlike during the time of former president John Dramani Mahama when the cedi depreciated against the dollar was 18 percent, their rate of depreciation has been hovering around eight (8) percent.
- Performance Tracker: Beatrice Annan exposes government for listing Dodowa Hospital as part of Akufo-Addo’s achievement
- What exactly is your grand plan? - Franklin Cudjoe asks Akufo-Addo over sacking of SSNIT, GRA bosses
- Ghana is doing well, don't negate what we have achieved because NPP is in office – Nana Ofori-Atta
- Meet the 8 'prominent' lawyers Akufo-Addo has penciled to be justices of the Court of Appeal
- 58% of voters in the Ashanti Region say Ghana is heading in the wrong direction – Poll
- Read all related articles