{"id":183037,"date":"2024-05-16T11:29:14","date_gmt":"2024-05-16T11:29:14","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/"},"modified":"2024-05-16T11:29:14","modified_gmt":"2024-05-16T11:29:14","slug":"cedi-fall-myopic-akufo-addo-govt-spending-recklessly","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/","title":{"rendered":"Cedi fall: &#8220;Myopic&#8221; Akufo-Addo govt spending recklessly"},"content":{"rendered":"<p><\/p>\n<div>\n<p><span data-preserver-spaces=\"true\">The Minority Leader, Dr Cassiel Ato Forson, has attributed the recent depreciation of the Ghanaian Cedi against the dollar, to the indiscriminate spending by the current government.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Speaking on the Citi Breakfast Show on May 16, 2024, the Minority Leader noted that as the elections approach, the government\u2019s expenditure has been reckless, with little regard for the long-term economic implications.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWe are going to take this matter very seriously. We believe that the government has lost its way. They are being very myopic, and short-sighted indeed. Because of the elections, they are taking actions that are going to be inimical to the development of our country,\u201d he stated.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As parliament is expected to reconvene tomorrow, May 17, Dr Ato Forson, stated that as a caucus, they are going to explore the options available to them to take further actions against the government.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cWe will look at our options available to us and then we will take action tomorrow,\u201d he added.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The minority leader\u2019s remarks come at a critical time as the country\u2019s currency continues to lose ground against the dollar, raising concerns about the potential impact on the economy and the lives of Ghanaians.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Presently, the Ghana Cedis stands at GH\u00a2 15.00 to $1.\u00a0<\/span><\/p>\n<hr\/>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU:\u00a0https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<p><em><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Minority Leader, Dr Cassiel Ato Forson, has attributed the recent depreciation of the Ghanaian Cedi against the dollar, to the indiscriminate spending by the current government.\u00a0 Speaking on the Citi Breakfast Show on May 16, 2024, the Minority Leader noted that as the elections approach, the government\u2019s expenditure has been reckless, with little regard [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":183038,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-183037","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cedi fall: &quot;Myopic&quot; Akufo-Addo govt spending recklessly - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cedi fall: &quot;Myopic&quot; Akufo-Addo govt spending recklessly - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Minority Leader, Dr Cassiel Ato Forson, has attributed the recent depreciation of the Ghanaian Cedi against the dollar, to the indiscriminate spending by the current government.\u00a0 Speaking on the Citi Breakfast Show on May 16, 2024, the Minority Leader noted that as the elections approach, the government\u2019s expenditure has been reckless, with little regard [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-16T11:29:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/05\/casiel-ato-forson-e1600551752798-750x375-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"750\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/16\\\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/16\\\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Cedi fall: &#8220;Myopic&#8221; Akufo-Addo govt spending recklessly\",\"datePublished\":\"2024-05-16T11:29:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/16\\\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\\\/\"},\"wordCount\":254,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/16\\\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/casiel-ato-forson-e1600551752798-750x375-1.jpg\",\"articleSection\":[\"Local News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/16\\\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/16\\\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/16\\\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\\\/\",\"name\":\"Cedi fall: \\\"Myopic\\\" Akufo-Addo govt spending recklessly - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/16\\\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/16\\\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/casiel-ato-forson-e1600551752798-750x375-1.jpg\",\"datePublished\":\"2024-05-16T11:29:14+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/16\\\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/16\\\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/16\\\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/casiel-ato-forson-e1600551752798-750x375-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/casiel-ato-forson-e1600551752798-750x375-1.jpg\",\"width\":750,\"height\":375},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/05\\\/16\\\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Cedi fall: &#8220;Myopic&#8221; Akufo-Addo govt spending recklessly\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Cedi fall: \"Myopic\" Akufo-Addo govt spending recklessly - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/","og_locale":"en_US","og_type":"article","og_title":"Cedi fall: \"Myopic\" Akufo-Addo govt spending recklessly - Ghanamma.com","og_description":"The Minority Leader, Dr Cassiel Ato Forson, has attributed the recent depreciation of the Ghanaian Cedi against the dollar, to the indiscriminate spending by the current government.\u00a0 Speaking on the Citi Breakfast Show on May 16, 2024, the Minority Leader noted that as the elections approach, the government\u2019s expenditure has been reckless, with little regard [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/","og_site_name":"Ghanamma.com","article_published_time":"2024-05-16T11:29:14+00:00","og_image":[{"width":750,"height":375,"url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/05\/casiel-ato-forson-e1600551752798-750x375-1.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"Cedi fall: &#8220;Myopic&#8221; Akufo-Addo govt spending recklessly","datePublished":"2024-05-16T11:29:14+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/"},"wordCount":254,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/05\/casiel-ato-forson-e1600551752798-750x375-1.jpg","articleSection":["Local News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/","url":"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/","name":"Cedi fall: \"Myopic\" Akufo-Addo govt spending recklessly - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/05\/casiel-ato-forson-e1600551752798-750x375-1.jpg","datePublished":"2024-05-16T11:29:14+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/05\/casiel-ato-forson-e1600551752798-750x375-1.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/05\/casiel-ato-forson-e1600551752798-750x375-1.jpg","width":750,"height":375},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/05\/16\/cedi-fall-myopic-akufo-addo-govt-spending-recklessly\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"Cedi fall: &#8220;Myopic&#8221; Akufo-Addo govt spending recklessly"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/183037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=183037"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/183037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media\/183038"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=183037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=183037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=183037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}