Vice President and flagbearer of the New Patriotic Party (NPP), Dr Mahamudu Bawumia, has asserted that the Akufo-Addo government has managed the exchange rate more effectively than the National Democratic Congress (NDC), even in the face of global economic challenges.
According to Dr Bawumia, the NPP's handling of the exchange rate demonstrates superior economic management knowhow compared to the NDC., particularly because the latter did not face significant global crises during their tenure.
Dr Bawumia highlighted that under the NPP government, the Ghanaian cedi has depreciated by 72%, whereas the NDC oversaw a 74% depreciation during their tenure.
Speaking at a rally in the Krowor Constituency on November 28, Dr Bawumia argued that this comparison underscores the NPP's resilience in navigating difficult economic conditions, especially considering the external factors that have affected the global economy.