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Only individuals suffering from unconscious incompetence would blame depreciating cedi on NPP gov’t – Dr. Stephen Amoah


Deputy Finance Minister Dr. Stephen Amoah has responded to critics attributing the current cedi depreciation to President Akufo-Addo’s government.

During a media interaction on May 29, the Nhyiaeso MP emphasized that cedi depreciation has historically affected various governments and is not unique to the present administration.

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As a former MASLOC boss, Dr. Amoah pointed out that the import-driven nature of the economy is a significant factor contributing to cedi depreciation.

He criticized those who attribute the issue solely to the current government, suggesting that this perspective shows a lack of awareness or intellectual dishonesty.

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“Unless one is suffering from unconscious incompetence or displaying intellectual dishonesty that would say that cedi depreciation is NPP government” noting that the problem is a “ritual” one.

“It’s an issue that needs nationalistic attention. So far as we keep on being imported-driven economy, we’ll be having problems with cedi because we import almost everything.

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“But Insha-Allah, Alhaji Mahamudu Bawumia, next year if he comes, we are going to design a long term framework to deal with the cedi,” he stated.

He referred to the problem as a recurring one, emphasizing the need for a comprehensive approach.

Dr. Amoah hinted at a long-term strategy under Dr. Bawumia’s potential presidency to address cedi depreciation.

He stressed the importance of a nationalistic approach and highlighted the dependency on imports as a core challenge.

He expressed optimism that under Alhaji Mahamudu Bawumia’s leadership, a strategic framework would be developed to tackle the issue effectively.

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  1. Your sick Mr man when it was Mahama he was inconpitent but when it came to ur turn ur speaking trash.


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