Politics › Politics     › 25 Mar 2024

Election 2024: ‘Throw Bawumia out; he is the worst to have managed Ghana's economy’ — Kwakye Ofosu to Ghanaians

Vice President Dr. Mahamudu Bawumia[left] and Felix Kwakye Ofosu, Leading member of the NDC

A leading Member of the opposition National Democratic Congress (NDC), Felix Kwakye Ofosu, says Ghanaians should vote against the NPP flagbearer Dr. Mahamudu Bawumia based on the worst depreciation of the Cedi.

The former Deputy Information Minister intimated that the Vice President has been the worst manager of the economy despite the promises and lectures on economic management in opposition.

“The Ghana cedi now exchanges at GHS 13.75 to a dollar. Recall that Bawumia,the flatfooted Head of the Economic Management Team, held lectures in opposition purporting to teach us how to manage the exchange rate. He is the worst to have managed the Ghanaian economy. Throw him out!!” he wrote via X on Monday, March 25.

Exchange rates according to Cedirates.com

As of Monday, March 25, 2024, the Ghanaian Cedi is trading against the United States dollar at a buying rate of GHS12.81 and selling at GHS13.32.

At interbank rates, the Cedi is being traded at a buying rate of GHS12.79 and a selling rate of GHS12.81.

Leading forex bureaus such as AfriSwap and Albrim are offering buying rates of GHS13.30 and GHS13.40 and selling rates of GHS13.10 and GHS13.60 respectively.

Other major foreign currencies such as the British Pound Sterling and the Euro are also up compared to previous rates.

On average, the British Pound Sterling is being offered at a buying rate of GHS16.09 and selling rate of GHS16.90.

The Euro is being traded at a buying rate of 13.79 and a selling rate of 14.51 GHS.

The Bank of Ghana sells Pound Sterling and Euro at GHS16.13 and GHS13.85 respectively on the interbank market.

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