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'Disturbing' News: Exchange Rate Dashboard Shows Dollar Rate At Ghc9.20; Is The Vice President Aware?

Dr. Mahamudu Bawumia, the current vice president of the Republic of Ghana also doubles as the chairman of the Economic Management Team whose oversight responsibility is to ensure that the economy is robust with sound policy implementation.

He is sometimes referred to as the master planner in Economics and 2014, the gentleman exclaimed "In any open economy with market determination of prices, exchange rate movements are the most important indicators of underlying macroeconomic fundamentals."

He is in charge now but the current exchange ratings of the cedi are nothing to write home about and it is most worrying that under his watch things seem to have taken a wrong turn. Sometimes one is tempted to ask if he is aware of what is happening.

Economic experts have attributed the current economic hardships to fiscal indiscipline and mismanagement resulting in distressing deficit, unsustainable debt, high-interest payments, growing inflation, and Cedi depreciation.

A party bigwig of the National Democratic Congress has revealed Today's Exchange Dashboard on his page. It is disturbing news to importers and something must be done urgently.

Is this a clear indication that the NPP government has woefully failed and mismanaged our economy and as Ghanaians we should expect more hardships in the coming days, weeks, months, and years ahead?

Or we should pray for life and strength to be able to survive and cope from now till 2024 before a new government is elected to help save Ghanaians?

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Economics Mahamudu Bawumia Republic of Ghana

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