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Andrew Atariwini ‘swears’ cedi would rebound in just 3 months leading to flourishing economy

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Andrew Atariwini, a member of the NPP’s Upper East Regional Communication team is cock-sure that Ghana’s economy would be completely turned around to one that’s prosperous and flourishing in exactly 3 months.

Mr. Atariwini made this statement when he spoke on A1 Radio’s Day Break Upper East Show.

“Yes, the cedi might be weak. Yes, the cedi might be non-performing but I am telling you that I stand with the President in his efforts to let the economy rebound. It is on course. Ghanaians should just not be afraid.”

“Nobody should be worried. Everything is on course. You see this performance, mark my words; take today’s date, August 9th, 2022, I am saying give us 3 months from now and you will see that the narrative about the cedi will be a different story.”

Mr. Atariwini’s comments were made on the back of data that suggests that Ghana’s currency is the worst performing currency in Africa.

The precarious situation of the cedi is not getting any better soon, as the local currency has recorded a -28.82% depreciation to the dollar as of August 8th, 2022, Bloomberg has said.

This still ranked the local currency as the worst among African currencies with the “Worst Spot Returns”, and could be heading for a record in the last 25 years.

Despite the country benefiting immensely from the high price of crude oil on the international market and to some extent the favourable price of gold, the cedi has not fared well so far this year.

But Mr. Atariwini was confident that Ghana’s engagement with the IMF would be fruitful.

“We are at the IMF right now and we are trusting to have a programme with them. That programme already, the mere conceiving that we are going to the IMF has brought certain confidence back and then now, we can even have bilateral loan agreements.”

Source: A1radioonline.com|101.1MHz|Mark Kwasi Ahumah Smith|Ghana

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