The Vice President of the Republic, Dr. Mahamudu Bawumia has revealed that dabbling in Politics, doesn’t give him sleepless night because he has developed a thick skin for the game.
In an exclusive interview on Wontumi TV and Radio which was monitored by Wontumionline.com, Dr. Bawumia stated that it only takes Economic issues for him to develop sleepless night.
“Politics doesn’t give me sleepless night, it is only Economics that does”, Dr. Bawumia said.
He explained that to avoid experiencing sleepless nights, he does his best to ensure the economic fundamentals of Ghana are always on the right path.
“I want to praise the Bank of Ghana and the Ministry of Finance. The rate of the depreciation of the cedi was too high…from 2009 all the way down, depreciation was up. Then in 2019, it was 8% and then when you compare it to when John Mahama was in government, it was 18%”, the Vice President said.
He continued that the cedi depreciation under the government of President Akufo-Addo, is the lowest in the history of Ghana since 1992.
“Even this year which is an election year and an era of COVID-19, the cedi depreciation has been the lowest since 1992. It is about 2%. Aren’t you surprised? It shows you the management of the economy. This is the fundamental we need to get right and we are doing it…We have a completely different exchange rate regime”, Dr. Bawumia pointed out.