Ghanatodayonline.com News, Politics, Health, Education & More
In response to criticism from Dr. Amin Adam, the Minister of Finance, Ranking Member of the Parliamentary Finance Committee, Isaac Adongo has stated that his remarks regarding the dollar were just intended to inform Ghanaians of the facts.
Adongo had come under fire from Dr. Amin Adam for suggesting that companies buy dollars when necessary.
In a joint press conference with representatives from the Bank of Ghana and the IMF, Dr. Adam chastised the Bolga Central MP while reiterating the government’s unwavering commitment to exchange rate stabilization.
Additionally, he cautioned against making assumptions about the cedi’s future difficulties, stressing that doing so will only make the currency’s issues worse.
In response to these remarks, Isaac Adongo refuted the Finance Minister’s claim that his counsel amounted to speculation.
He maintained that rather than being conjecture, his statements were supported by facts.
On Monday, July 1, Adongo stated in an interview with Citi FM that he gives accurate and true facts rather than speculating.
He justified his position by saying that his counsel was sincere and meant to properly inform Ghanaians.
“What did I say that is not true? You said that after what you have done we should look forward to the dollar the following week, that was last week. Where is the dollar now? If you watch that video, you would have noticed that I was admonishing the people to desist from speculative buying but if you need money or dollars to do your business, don’t rely on what the finance minister said to fool you to your own detriment.”
“So, if you needed dollars to do your business, by all means, you should go ahead and buy them. How is that unpatriotic?”
“In any case, are we not managing this economy to support businessmen as well? So, if I am asking the businessman to continue with his rational economic decision, how do you call that speculation…If the man needed a dollar to buy and it was GH¢15.5 and he didn’t buy it, today, it is GH¢15.7. Would the finance minister give him the additional monies that have been added to go and buy the dollar?” Adongo questioned.
Source: Ghanatodayonline.com
