Is the United States Dollar still “Under House Arrest”?

Undoubtedly, folks, one of the major issues that angered voters to kick out the Mahama administration at Election 2016 was the state of the Ghanaian economy, especially the high cost of business and living standards attributable to the run-away Cedi-Dollar rate.

Led by Dr. Borrowmia, the NPP said just anything at all to scare voters away from Mahama. Akufo-Addo reinforced that scare-mongering political jingoism from his own perspective, capping his calumny with the new-fangled descriptor “incompetent Mahama”.

All manner of self-righteous utterances came from the NPP camp to assure Ghanaians that the negative trend would be reversed as soon as Akufo-Addo was put in power. Well, he is in power and his government has pumped millions of Dollars into the system in the vain hope of tackling the challenges.

About three months ago, Dr. Borrowmia announced that the government had “arrested” the US Dollar, locked it up in cells, and handed the keys of the cells to the Inspector-General of Police.

Really? Evidence shows that the Cedi hasn’t appreciated against the Dollar ever since Akufo-Addo took over. The rate is now well over 4.2 (Ghana Cedis) to 1 (US Dollar). Don’t talk about the other major currencies (Pound Sterling and Euro).

In effect, nothing has happened to change the situation as it was under Mahama.

Where is all the theory pontificated by Dr. Borrowmia? Don’t tell me that the stealing agenda initiated by Ken Ofori-Atta is a solution.

Is the US Dollar still under “house arrest” so the Ghanaian currency can gain traction? Are these novices now in charge of Ghana still confirming our poor opinions of them despite their own boasts of being the only Ghanaian “interrectuals” to solve the country’s systemic problems?

Source: Dr. Michael J. K. Bokor

One thought on “Is the United States Dollar still “Under House Arrest”?

  • 17th July 2017 at 11:01 pm
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    Dr Borrowmia is a pathodoligecal liar who shoul: not be taken serious

    Reply

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