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Mahama lacks understanding of economics - Bawumia

Vice-President Dr Mahamudu Bawumia

Vice-President Dr Mahamudu Bawumia has said former President John Mahama’s recent taunts of the Akufo-Addo government as far as the strength of the cedi is concerned, “sadly demonstrate his lack of understanding on key aspects of our economy”.

In reference to the GHS4.7: $US1 exchange rate, which Dr Bawumia, in a video that was being circulated on social media, attributed to weak fundamentals, Mr Mahama, in a tweet, asked: “Weak fundamentals?”.

His question has attracted the following response from Dr Bawumia:

“It has been brought to my attention that former President Mahama has recently been talking about exchange rate depreciation.

“The former President's comments once again, sadly demonstrate his lack of understanding on key aspects of our economy.

“I understand the difficulty of the former President in appreciating the currency depreciation debate.

“I would try to simplify the explanation for him.

source:classfmonline.com

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