The Director of Communications for the New Patriotic Party (NPP), Richard Ahiagbah, has called for the National Democratic Congress (NDC) to simply formalise a partnership with the American professor and constant government critic, Professor Steve Hanke.
According to Ahiagbah, Hanke would be a perfect replacement for departing General Secretary, Johnson Asiedu Nketia, to carry out propaganda for the NDC.
Steve Hanke, a professor of Applied Economics at the John Hopkins University, is a consistent critic of the ruling NPP government and their management of the economy which has led to unprecedented cedi depreciation.
He recently rubbished a claim from the Finance Minister, Ken Ofori-Atta, that measures put in place by the Bank of Ghana to stabilise the cedi are paying off.
“#Ghana’s Finance Minister Ken Ofori-Atta says the Bank of Ghana’s efforts to contain #cedi depreciation are “paying off.” SPOILER ALERT: Ofori-Atta must be dreaming. Since Jan. 2020, the cedi has depreciated ∼40% against the USD.” Hanke said.
Reacting to his tweets, Ahiagbah said the NDC are in partnership with the Professor and should just formalise their arrangement at this point.
“Perhaps it is time for the NDC to formalize and announce their partnership with Steve Hanke because it is obvious,” Ahiagbah tweeted.
He said in a separate tweet: “The NDC’s Steve Hanke is a perfect replacement for General Mosquito,”
Professor Steve Hankey
A professor of Applied Economics at John Hopkins University, Professor Steve Hanke has consistently written off the Ghanaian economy, particularly the performance of the currency the Ghana Cedi.
He has often noted how badly the cedi performs against its major trading partners and called for the establishment of a currency board as the only way to stave off the massive depreciation.
Ken Ofori-Atta, during a press briefing on September 28th, 2022, said measures being implemented by the bank of Ghana to arrest cedi depreciation is gradually paying off.
“As part of measures to shore up our reserves, improve exchange rate stability and address some of the funding needs, the Ministry successfully worked on a US$750 million Afreximbank loan facility which was received in August 2022,” he explained.
“The traditional Cocoa Syndication Loan, expected in the last quarter of 2022 which will promote the cocoa sector, will further help us build our FX reserves and provide a strong buffer for the cedi in the last quarter of the year,”
Source: theGhanaianVoice.Com