Despite cedi depreciation, Allotey Jacobs says Ken Ofiri Atta is performing magic

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It’s obvious former NDC member Bernard Allotey Jacobs who is flirting with the ruling NPP government has no credibility left in him.

He just praised the Financial Minister, Ken Ofori-Atta, for stabilizing the Ghana Cedi against the US Dollar when we all know it’s the opposite of his statement that thrives presently.

Speaking on Peace FM, Allotey Jacobs said that the Ofori-Atta is silently working some magic to restore the value of the cedi against the major currencies.

In his words, if the cedi can regain its value to a point where $1 will be equivalent to ¢6 then the Nana Addo Dankwa Akufo-Addo government will be one of the best in the country.

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He stated; “Yesterday I say that the cedi is marching against the dollar gradually. I thank the minister of finance. Speculation can simply destroy the market and for the cedi to be gaining value at this point implies that the minister is working some magic.

“If by 2024 the dollar to ¢6 it will be one of the greatest achievements of this government. If this happens, we must celebrate the Nana Addo government, it will be one of the greatest achievements.

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“And I am hoping so because the way we have spoken against this minister finance minister if he can do this it will be one of the greatest achievements,” he concluded.

The massive fall of the cedi reach its peak recently when it lost about 40 per cent of its value and consequently ranked the second worst performing currency among 150 currencies in the world, according to Bloomberg.

SOURCE: www.Ghbase.com

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