{"id":184745,"date":"2024-05-30T12:11:55","date_gmt":"2024-05-30T12:11:55","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/05\/30\/my-cedi-depreciation-comment-was-taken-out-of-context-deputy-finance-minister\/"},"modified":"2024-05-30T12:11:55","modified_gmt":"2024-05-30T12:11:55","slug":"my-cedi-depreciation-comment-was-taken-out-of-context-deputy-finance-minister","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/05\/30\/my-cedi-depreciation-comment-was-taken-out-of-context-deputy-finance-minister\/","title":{"rendered":"My cedi depreciation comment was taken out of context \u2013 Deputy Finance Minister"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Deputy Minister for Finance, Dr Stephen Amoah, has stated that his comment on the Cedi\u2019s depreciation being a ritual problem was taken out of context.<\/p>\n<p>Dr Amoah lamented what he termed a deliberate attempt by some persons in the media space, whom he said are famously known for quoting interviewees out of context.<\/p>\n<p>In an interview with Bernard Avle on the <em><strong>Citi Breakfast Show<\/strong> <\/em>on <em><strong>Citi FM,<\/strong><\/em> the Nhyiaeso MP said \u201cWe have a country where anybody says anything and they [some media persons] take a part and do stories and create a whole thing out of it and a time will come when it will be difficult to freely grant interviews.\u201d<\/p>\n<p>In response to a question on how best to tackle the Cedi\u2019s depreciation from a reporter on Wednesday, May 29, Dr. Amoah said, \u201cCedi depreciation is a ritual problem, I agree with you. It is not because of one particular government. It is an issue that is nationalistic or that needs nationalistic attention.\u201d<\/p>\n<p>He added that \u201cso far as we keep on being an importer-driven economy, we will be having problems with the Cedi because we import almost everything. But Inshallah, Dr. Mahamudu Bawumia, next year, if he comes, we are going to design a long-term framework to deal with the Cedi [depreciation].\u201d<\/p>\n<p>Dr. Amoah sought to clarify his Wednesday comment, saying he was proposing how and who can best attack the Cedi\u2019s free fall against the major trading currencies.<\/p>\n<p>\u201cI went to monitor the voter registration exercise and they [media] asked me about the dollar and the Cedi\u2019s depreciation and all that I said was that from now till December, we are doing our best to stabilise the Cedi, which I said is a short-term approach, but we need a long-term approach to resolve the issue through a framework, and then I proposed that to achieve that, we will design a long-term approach when Dr Mahamudu Bawumia is elected president.\u201d<\/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: https:\/\/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>Deputy Minister for Finance, Dr Stephen Amoah, has stated that his comment on the Cedi\u2019s depreciation being a ritual problem was taken out of context. Dr Amoah lamented what he termed a deliberate attempt by some persons in the media space, whom he said are famously known for quoting interviewees out of context. In an [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":184746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-184745","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>My cedi depreciation comment was taken out of context \u2013 Deputy Finance Minister - 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\/30\/my-cedi-depreciation-comment-was-taken-out-of-context-deputy-finance-minister\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"My cedi depreciation comment was taken out of context \u2013 Deputy Finance Minister - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Deputy Minister for Finance, Dr Stephen Amoah, has stated that his comment on the Cedi\u2019s depreciation being a ritual problem was taken out of context. Dr Amoah lamented what he termed a deliberate attempt by some persons in the media space, whom he said are famously known for quoting interviewees out of context. 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