General

My cedi depreciation comment was taken out of context – Deputy Finance Minister

Dr. Stephen Amoah, the deputy minister of finance, has clarified that his statement that the depreciation of the Cedi is a ritual issue was misinterpreted.

Dr. Amoah bemoaned what he saw as a calculated attempt on the part of certain media figures, who he claimed are well-known for taking quotes from interview subjects out of context.

The Nhyiaeso MP stated during an interview with Bernard Avle on the Citi Breakfast Show on Citi FM“We have a country where anybody says anything and they [some media persons] take a part and do stories and create a whole thing out of it and a time will come when it will be difficult to freely grant interviews.”

In response to a question on how best to tackle the Cedi’s depreciation from a reporter on Wednesday, May 29, Dr. Amoah said, “Cedi depreciation is a ritual problem, I agree with you. It is not because of one particular government. It is an issue that is nationalistic or that needs nationalistic attention.”

My cedi depreciation comment was taken out of context – Deputy Finance Minister

He added that “so far as we keep on being an importer-driven economy, we will be having problems with the Cedi because we import almost everything. But Inshallah, Dr. Mahamudu Bawumia, next year, if he comes, we are going to design a long-term framework to deal with the Cedi [depreciation].”

Dr. Amoah sought to clarify his Wednesday comment, saying he was proposing how and who can best attack the Cedi’s free fall against the major trading currencies.

“I went to monitor the voter registration exercise and they [media] asked me about the dollar and the Cedi’s depreciation and all that I said was that from now till December, we are doing our best to stabilise the Cedi, which I said is a short-term approach, but we need a long-term approach to resolve the issue through a framework, and then I proposed that to achieve that, we will design a long-term approach when Dr Mahamudu Bawumia is elected president.”

Akosua Boatemaa

I'm Yours Truly, Blogger Akosua Boatemaa. I'm here to feed Your eyes and Ears with Authentic News Updates.

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