Cedi appreciating against Dollar as a result of motion against Ofori-Atta-Bagbin

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Following motions in Parliament to oust Ken Ofori-Atta as Finance Minister, Speaker of the House Alban Bagbin claims that the Cedi has appreciated somewhat versus the US dollar.

He claims that the minority’s response to a resolution calling for the Finance Minister, Ken Ofori-Atta, to be censured has started to rebuild some trust in the Ghanaian economy.

“Because of this motion, you know what has happened to the state of our Cedi. Just because people are given confidence that action is being taken, the Cedi gained some value and parliament should be commended. It climbed from about 16 to a dollar to around 13, that is a serious gain for this country and it’s because there is some confidence being given to the people that action is being taken to rectify the wrongs. Please let’s play our role properly and effectively and at the end of the day we’ll all benefit,” Mahama told Members of Parliament on Thursday.

He also commended Afenyo Markin, the deputy majority leader, for calling the House’s attention to the right procedure for submitting the resolution for a vote of censure against Finance Minister Ken Ofori-Atta.

“You’ve done well by drawing our attention, but I think the proper thing has been done and we should leave it as it is. I know as we keep on jaw-jawing we’ll do what is proper in this House.”

Source: Ghanatodayonline.com

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