{"id":258111,"date":"2024-11-30T07:09:18","date_gmt":"2024-11-30T07:09:18","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/30\/even-in-crisis-we-have-managed-the-exchange-rate-better-than-ndc\/"},"modified":"2024-11-30T07:09:18","modified_gmt":"2024-11-30T07:09:18","slug":"even-in-crisis-we-have-managed-the-exchange-rate-better-than-ndc","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/30\/even-in-crisis-we-have-managed-the-exchange-rate-better-than-ndc\/","title":{"rendered":"Even in crisis, we have managed the exchange rate better than NDC"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/202\/20297938.295.jpg\" alt=\"NPP flagbearer, Dr Mahamudu Bawumia\" title=\"NPP flagbearer, Dr Mahamudu Bawumia\" width=\"295\" height=\"195\" \/> <span class=\"image_caption\"><span>NPP flagbearer, Dr Mahamudu Bawumia<\/span><\/span><\/p>\n<\/div>\n<div style=\"-webkit-user-select: none; -webkit-touch-callout: none; -moz-user-select: none; -ms-user-select: none; user-select: none;\">\n<p id=\"article-123\">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.<\/p>\n<p>According to Dr. Bawumia, the NPP\u2019s handling of the exchange rate demonstrates superior economic management compared to the NDC\u2019s record, particularly since the latter did not face significant global crises during their tenure.<\/p>\n<p>Dr. Bawumia highlighted that under the NPP government, the Cedi has depreciated by 74%, whereas the NDC oversaw a 72% depreciation during their time in office.<\/p>\n<p>He argued that this comparison underscores the NPP\u2019s resilience in navigating difficult economic conditions, especially considering the external factors that have affected the global economy.<\/p>\n<p>Dr Bawumia insisted that the performance of the exchange rate should be assessed based on the rate of depreciation, rather than focusing solely on nominal figures.<\/p>\n<p>He emphasised that the NPP\u2019s approach to managing currency stability has been more robust and effective, even under challenging circumstances, compared to the NDC\u2019s record during relatively stable global conditions.<\/p>\n<p>Dr. Bawumia stated that the NDC lacks a proper understanding of how exchange rates are measured and managed.<\/p>\n<p>He urged Ghanaians to consider the broader context and external factors when evaluating the government\u2019s economic performance, reaffirming the NPP\u2019s commitment to stabilising the economy despite unprecedented global difficulties.<\/p>\n<p>\u201cI want to talk about the exchange rate and I want them (NDC) to listen because they don\u2019t understand. When it comes to the exchange rate, we measure the performance by the rates of depreciation and when you look at their period, the cedi depreciated by 74% without a global crisis, no Russia-Ukraine war, no COVID-19 outbreak, and no global economic recession. Under the NPP for eight years with a global economic crisis, we have depreciated the cedi by 72%, which is lower than their depreciation,\u201d he stated.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>NPP flagbearer, Dr Mahamudu Bawumia 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\u2019s handling of the exchange [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":212983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-258111","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Even in crisis, we have managed the exchange rate better than NDC - 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\/11\/30\/even-in-crisis-we-have-managed-the-exchange-rate-better-than-ndc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Even in crisis, we have managed the exchange rate better than NDC - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"NPP flagbearer, Dr Mahamudu Bawumia 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\u2019s handling of the exchange [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/11\/30\/even-in-crisis-we-have-managed-the-exchange-rate-better-than-ndc\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-30T07:09:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/08\/20297938.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"396\" \/>\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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/30\\\/even-in-crisis-we-have-managed-the-exchange-rate-better-than-ndc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/30\\\/even-in-crisis-we-have-managed-the-exchange-rate-better-than-ndc\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Even in crisis, we have managed the exchange rate better than NDC\",\"datePublished\":\"2024-11-30T07:09:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/30\\\/even-in-crisis-we-have-managed-the-exchange-rate-better-than-ndc\\\/\"},\"wordCount\":336,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/30\\\/even-in-crisis-we-have-managed-the-exchange-rate-better-than-ndc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/20297938.jpg\",\"articleSection\":[\"Top News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/30\\\/even-in-crisis-we-have-managed-the-exchange-rate-better-than-ndc\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/30\\\/even-in-crisis-we-have-managed-the-exchange-rate-better-than-ndc\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/30\\\/even-in-crisis-we-have-managed-the-exchange-rate-better-than-ndc\\\/\",\"name\":\"Even in crisis, we have managed the exchange rate better than NDC - 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