<\/p>\n
The Vice-President,\u00a0Dr Mahamudu Bawumia says the Ghana cedi is doing better compared to its performance under the erstwhile Mahama administration.<\/p>\n
As of March 2022, the Bank of Ghana indicated that\u00a0so far in 2022, the cedi depreciated by about 14.6% to the US dollar.\u00a0<\/p>\n
Speaking at a\u00a0forum organized by TESCON in collaboration with the Danquah Institute at the Pentecost Conference Centre at the Millennium City in Kasoa in the Central Region, Thursday, 7 April 2022, Dr Bawumia said unlike the cedi depreciating at a rate of 18 percent under former President John Mahama,\u00a0\u201caverage exchange rate depreciation during 2017-2021″ is “6.8% under our government”<\/p>\n
“Average exchange rate depreciation during 2017-2021, at 6.8% under our government, is more than twice as stable than during the 2013-2016 period.\u00a0The financial markets assessment of the 2022 Budget generally concluded that the projected 40% increase in revenue underpinning the budget would likely not materialize and therefore the deficit will be higher than projected” he said.<\/p>\n
Source: Peacefmonline.com<\/span><\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n Featured Video\n<\/p>\n\n
\n Disclaimer<\/span>: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.<\/span><\/td>\n<\/tr>\n<\/table>\n