{"id":258256,"date":"2024-11-30T12:13:21","date_gmt":"2024-11-30T12:13:21","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/30\/cedi-has-performed-better-under-ndc-dr-kwabena-duffuor\/"},"modified":"2024-11-30T12:13:21","modified_gmt":"2024-11-30T12:13:21","slug":"cedi-has-performed-better-under-ndc-dr-kwabena-duffuor","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/30\/cedi-has-performed-better-under-ndc-dr-kwabena-duffuor\/","title":{"rendered":"Cedi has performed better under NDC \u2013 Dr. Kwabena Duffuor"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/321\/32124420.295.jpg\" alt=\"Former Minister for Finance and Economic Planning, Dr. Kwabena Duffuor\" title=\"Former Minister for Finance and Economic Planning, Dr. Kwabena Duffuor\" width=\"295\" height=\"165\" \/> <span class=\"image_caption\"><span>Former Minister for Finance and Economic Planning, Dr. Kwabena Duffuor<\/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\">Former Finance Minister, Dr. Kwabena Duffuor has criticized the Akufo-Addo government\u2019s handling of the cedi\u2019s depreciation, arguing that the currency performed better under the National Democratic Congress (NDC\u2019s) tenure.<\/p>\n<p>Speaking on Ultimate FM with Julius Caesar, Dr. Duffuor contrasted the NDC\u2019s performance with that of the current administration, highlighting the relative stability of the cedi during the NDC\u2019s time in office.<\/p>\n<p>\u201cThere was a time we could be talking about cedi depreciation of less than 5% in 2010 and 2011; under the present administration, the cedi has depreciated by over 30% every year,\u201d he stated.<\/p>\n<p>He underscored the NDC\u2019s expertise in managing the cedi and expressed confidence in their ability to address the current challenges. Dr. Duffuor sought to reassure Ghanaians that the cedi\u2019s predicament is not formidable.<\/p>\n<p>\u201cWe have the expertise to manage the cedi because we have done it before. I want to assure my fellow Ghanaians, it is not true that nothing can be done about the cedi,\u201d he said.<\/p>\n<p>Dr. Duffuor outlined potential policy measures an NDC government would implement to strengthen the cedi, including programs to increase government revenue and address structural challenges in the economy. Specific proposals included increasing Ghana\u2019s stake in oil and gold companies and establishing retention accounts for these companies.<\/p>\n<p>He lamented the current government\u2019s failure to maximize Ghana\u2019s share of profits from these vital sectors.<\/p>\n<p>\u201cFor example, in 2021, we exported about $3.9 billion worth of oil, and our portion was about $500 million. The same year, we spent $2.7 billion to import petroleum products. So the structural challenges must be corrected to be able to have a strong currency,\u201d Dr. Duffuor concluded.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former Minister for Finance and Economic Planning, Dr. Kwabena Duffuor Former Finance Minister, Dr. Kwabena Duffuor has criticized the Akufo-Addo government\u2019s handling of the cedi\u2019s depreciation, arguing that the currency performed better under the National Democratic Congress (NDC\u2019s) tenure. Speaking on Ultimate FM with Julius Caesar, Dr. Duffuor contrasted the NDC\u2019s performance with that of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":258257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-258256","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cedi has performed better under NDC \u2013 Dr. Kwabena Duffuor - 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\/cedi-has-performed-better-under-ndc-dr-kwabena-duffuor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cedi has performed better under NDC \u2013 Dr. Kwabena Duffuor - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Former Minister for Finance and Economic Planning, Dr. Kwabena Duffuor Former Finance Minister, Dr. Kwabena Duffuor has criticized the Akufo-Addo government\u2019s handling of the cedi\u2019s depreciation, arguing that the currency performed better under the National Democratic Congress (NDC\u2019s) tenure. Speaking on Ultimate FM with Julius Caesar, Dr. Duffuor contrasted the NDC\u2019s performance with that of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/11\/30\/cedi-has-performed-better-under-ndc-dr-kwabena-duffuor\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-30T12:13:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/11\/32124420.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"335\" \/>\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\\\/11\\\/30\\\/cedi-has-performed-better-under-ndc-dr-kwabena-duffuor\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/30\\\/cedi-has-performed-better-under-ndc-dr-kwabena-duffuor\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Cedi has performed better under NDC \u2013 Dr. Kwabena Duffuor\",\"datePublished\":\"2024-11-30T12:13:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/30\\\/cedi-has-performed-better-under-ndc-dr-kwabena-duffuor\\\/\"},\"wordCount\":294,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/30\\\/cedi-has-performed-better-under-ndc-dr-kwabena-duffuor\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/32124420.jpg\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/30\\\/cedi-has-performed-better-under-ndc-dr-kwabena-duffuor\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/30\\\/cedi-has-performed-better-under-ndc-dr-kwabena-duffuor\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/11\\\/30\\\/cedi-has-performed-better-under-ndc-dr-kwabena-duffuor\\\/\",\"name\":\"Cedi has performed better under NDC \u2013 Dr. Kwabena Duffuor - 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