The Ghanaian economy under the watch of the Economic Management Team (EMT) led by H E the Vice President, Dr Mahamudu Bawumia has suffered denigrations from critics and some concerned Ghanaians owing to the economic mishap in recent times.
It was obvious and no fluke that the situation was not internally bred as affirmed by the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, however, external factors played a major role, a fact critics always denied.
Amidst the mishaps, the cedi in no time lost its value in the sight of the US dollar, to even make matters worse, the cedi lost half of its value and it took up the last spot on the charts. A dollar at a point sold at 15 cedis.
The exchange rate became a topic and trended across all social media networks weeks after weeks. Renowned media personalities also jumped on the matter in solidarity of the wailing Ghanaian. This I believe was a calculated attempt to score cheap political points. Instead of calming angry Ghanaians down, they were rather instigating citizens against the handlers of the economy.
Fast forward, according to a report by Bloomberg, the cedi has been the best performing currency for the past week, a fad that practically every levelheaded Ghanaian found appealing. It would have only been fair for these same media personalities to applaud the EMT but for their selfish interests they are reluctant.
According to the Bank of Ghana Exchange Rates as at Wednesday, 14th December, 2022, the dollar is selling at 10.4052 while buyers can have it for 10.3948.
I’m now convinced President Akuffo Addo was right when he said ‘they did not know how to bring back lives but know how to bring back the economy’.
The messiah is really up to task and the cedi is alive, indeed there’s Hope.