John Dramani Mahama, the NDC’s flagbearer, has criticized President Nana Addo Dankwa Akufo-Addo, suggesting he should have resigned due to the cedi’s depreciation.
Mahama expressed frustration with the current exchange rate, which has surpassed 15 cedis to the dollar, and questioned why Akufo-Addo would claim that the current rates are better compared to the single-digit inflation experienced under the NDC administration.
Mahama made these remarks at a rally in Nkwabeng, Nkwanta South District, as he wrapped up his tour of the Bono East Region on Friday.
“During the Atta Mills’ administration, the exchange rate was GH¢2 to a dollar and you took office. When you took office, it was GH¢4 to a dollar. After nearly 8 years in power, the exchange rate has now risen to GH¢16 to a dollar.
“President Akufo-Addo should have resigned long ago when the Cedi depreciated to GH¢16 per dollar.
It is difficult to see how GH¢16 to a dollar can be considered better than GH¢4 to a dollar.
Unfortunately, we all find ourselves in this difficult situation. Even the prices of cement have skyrocketed,” he stated.
