The Chief Executive Officer of Dalex Finance, Kenneth Thompson, has expressed concern over Ghana’s deteriorating economic state, particularly the cedi’s depreciation.<\/p>\n According to Thompson, the Cedi has lost its value due to what he describes as poor economic management by so-called “Dr. Feel-Goods.”<\/p>\n In an audio clip shared by Accra-based Joy FM on X, Thompson lamented the long-term damage to the country’s progress, noting, “I saw how our lives changed from ’72 onwards to the point where in the mid-70s, everybody was travelling.”<\/p>\n He stated, “Ghana has gone back to the ’70s, and it will take us another 53 years to get to 2016, and by then, the world would be in 2069.”<\/p>\n Thompson emphasised that the exchange rate continues to expose the weak fundamentals of the economy.<\/p>\n “If the fundamentals are weak, what exposes you? It’s the cedi; it’s as simple as that. The dollar was 1 to 4 Cedis, and now we are at 16 and rising. Please call me when we get to 20,” he said.<\/p>\n Addressing the hardships faced by citizens, the Dalex CEO criticised the government for asking Ghanaians to make sacrifices during economic difficulty.<\/p>\n “We are being managed by Dr. Feel-Goods, who gives us rhetoric but is never able to address the real issues. Ghana is not at war; when a country is at war, that’s when citizens are asked to make sacrifices.<\/p>\n “The cedi has collapsed, inflation is high, and our Dr. Feel-Goods are telling us that things have become better,” he remarked.<\/p>\n Thompson described the situation as a result of “pure mismanagement,” adding, “We can’t pay our children’s fees, we can’t save, we can’t eat properly.”<\/p>\n SSD\/OGB<\/p>\n Watch the latest edition of BizTech below:<\/b><\/p>\n![\"Kenneth](\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/812\/81256348.295.jpg\" "\\"Kenneth")
Kenneth Thompson, CEO, Dalex Finance<\/span><\/span><\/p>\n<\/div>\n