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Mahamudu Bawumia (born 7 October 1963) is a Ghanaian economist and former central banker who serves as the 5th Vice President of Ghana in the 4th Ghanaian Republic. He assumed office on 7 January 2017 as Vice President of Ghana.
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- You will recall that I stated in 2014 that if the fundamentals are weak the exchange rate will expose you. That was true then and it is true now. It is 100% correct. So if the fundamentals are weak the exchange rate will expose you. But is warped logic to jump from that to a conclusion that if there is depreciation in your currency then the fundamentals must be weak. It is a very warped logic. If the fundamentals are weak, the exchange rate will expose you but if the exchange rate moves, you cannot jump to that conclusion that the fundamentals are weak. That defies logic. There could be other external factors causing the exchange rate depreciation
- During the NDC administration, taxes were even imposed on condoms and cutlasses. This has increased the burden on the private sector and is a disincentive to production. To address these challenges, the NPP will shift the focus of economic policy away from the taxation to production. So, we are going to move away from taxation to production
- When we came in, it [cedi] was running, essentially we have arrested it [cedi], and the IGP has the keys, he’s locked it up, we want to make sure we pursue sound policies to keep the cedi stable, it has appreciated for this year