Senior Communicator for the Movement for Change, Solomon Owusu, has slammed the former Vice President Dr. Mahamudu Bawumia over his recent comments on the Ghanaian cedi’s appreciation.
Dr. Bawumia, speaking during an interaction with the Young Executive Forum in London as part of his “Thank You” tour of the UK, credited the local currency’s current stability to the gold reserves initiative introduced under the previous New Patriotic Party (NPP) government.
He also criticised the current National Democratic Congress (NDC) administration, claiming it had done little to stabilize the economy.
Since January 2025, the Ghanaian cedi has seen significant gains against the US dollar.
According to Bloomberg, it has been the world’s best-performing currency since April.
The cedi is currently trading at approximately GH₵12.09 to the dollar, reflecting a notable rebound.
However, in an interview on TV3, Mr. Owusu dismissed Dr. Bawumia’s assertions and questioned the credibility of his economic arguments.
“I have no difficulty praising this administration if the dollar is stabilized. In the same way, when it begins to rise, I will come here and then bash the governor of Bank of Ghana. So I don’t have any case.”
He further argued that even inaction could constitute a policy, “I heard the former, the flag bearer of the NPP in the last elections, Dr. Mahmadu Bawumia says that he hasn’t seen any policy that must solicit for any applause for this government. Not doing anything is also a policy, if he cares to know. If you decide to come to government and one of your strategies is not to do anything, it’s part of your policy and if that one alone can bring the dollar down, that means it’s a good policy.”
Mr. Owusu also referenced the cedi’s steep depreciation during Dr. Bawumia’s tenure, saying, “He that was doing things the right way, according to him, where did we find the dollar? 17 cedis. When he’s in opposition, then he will be giving us lectures in economic matters. In government, then he says he’s an IT person.”
