What Did I Say that Isn’t True; Adongo Claps Back At Finance Minister
The Bolgatanga Central Member of Parliament, Isaac Adongo has clapped back at the Finance Minister for blaming him for inciting the masses and influencing speculative buying that influenced further depreciation of the cedi.
According to him, it was advice he gave to the business community, which has since been proven true.
“What did I say that is not true?… In my press conference, I was telling the people to desist from speculative buying but {said}’ if you need dollars to do your business, you allow the Finance minister to mislead you to your own detriment. If you need dollars to do business, go ahead and buy them.”
“How is that unpatriotic? In any case, are we not managing this economy to support businessmen as well when we ask them to make rational economic decisions? In any case, I have been proven right. If a businessman needed a dollar and didn’t buy last week and it was GHC15.5, today it is GHC15.7,” he said in an interview on Eyewitness News monitored by opemsuo.com.
He further advised the Minister and the government to be transparent and honest with Ghanaians about the macro economy.
“The NPP wants to belittle the intelligence of Ghanaians, blame everybody for their mismanagement, their choices and lie to the people that we are not been able to see through.”
Background
The Finance Minister during a press conference called out his colleague lawmaker for “deliberately” inciting the masses to move in for dollars, causing the cedi to depreciate further.
“We have said over and over that the problem with the Cedi can also be largely attributed to speculation, and therefore while we’ve been making efforts to influence market sentiments positively, we also know that some other people are inciting speculation. We have had intelligence that people have been deliberately inciting speculation but we never got it too real as we saw only two or three days ago.”
“When my good friend and brother Isaac Adongo went out there urging people to buy dollars to do their business and this was after I indicated at a town hall meeting in the UK that with all the policies we are implementing and with the flows that we are expecting from external sources and with the completion of the debt restructuring with our bilateral official creditors and Eurobond holders, we saw the Cedi becoming stronger and stronger. My brother went out there to say people should ignore Amin Adam and go out there and buy dollars,” he added.
