Exchange Rate: Bawumia Arrested Liberian Dollar Not American Dollar – Mahama Mocks

” You can engage in all the propaganda, but if the fundamentals are weak, the exchange rate will expose you.”

This was a very popular jab against the NDC government ahead of the 2016 general elections by the then Vice Presidential candidate of the NPP, Dr Mahamudu Bawumia.

Hundred days after taking power, the Economic Wizard, Dr Bawumia in 2017 boasted that the government has been able to arrest the dollar.

“For the year, the cedi has appreciated in value. When we came in, it was running…essentially we have arrested it, and the IGP has the keys, he has locked it up. We have arrested it.”

But it looks like Dr Bawumia’s own words have come to hunt him as the exchange rate is way above what the NPP government inherited.

Interestingly, his political nemesis, former President John Dramani Mahama is back demanding his pound of flesh as far as the exchange rate is concerned.

Speaking at Drobo in the Jaman South constituency to round up his campaign tour of the whole country, Mr Mahama said he was surprised as to how the dollar was able to escape from the IGP.

Jokingly and sarcastically, Mr Mahama revealed unfortunately for Dr Bawumia, he arrested the Liberian dollar instead of the American dollar that why the Cedi keeps on depreciating.

You can listen to Mr Mahama below….


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