Fifi Fiavi Kwetey, the National Democratic Congress (NDC) General Secretary has stated the opposition New Patriotic Party (NPP) is desperate to take credit for cedi stability yet too cowardly to take the blame for galamsey, dumsor and anything negative.
He asserted that the NPP are cowards who want to ride on the back of something positive.
According to Fifi Fiavi Kwetey, it is not the gold reserve that is bringing the transformation but the inflow of dollars into the economy and liquidity.
Speaking on JOYNEWS, Fifi Fiavi Kwetey detailed, “We’re talking about an initiative today that, within the first four months, has brought into this country $2.6 billion”.
“Annualise that and see the amount of foreign exchange that is being brought into the economy. That is far more than what cocoa syndication was going to give us. That is far more than what the IMF program was going to give us annually”, he added.
Fifi Fiavi Kwetey further fired, “I’ve heard our friends on the other side claiming, ‘Oh it’s our policy, it was our policy.’ NPP didn’t have a gold board. They didn’t have the creativity to know that you could actually purchase gold and that gold could be sold to earn forex”.
“We are not talking about gold reserve; two separate realities. It’s not a gold reserve that is bringing the transformation. It’s the inflow of dollars into the economy and liquidity.”
“They are desperate to take credit for appreciation of the Cedi, yet they are such cowards to take responsibility for galamsey, dumsor, or anything that is negative.”
“They are cowards who want to ride on the back of something positive. That is why that group will have to take a long time in opposition until they have what you call the rebirth of their soul to appreciate that politics must be done on the back of truth”, Fifi Kwetey detailed.
According to Bloomberg reports the Ghana cedi has appreciated since the beginning of April, appreciating by a remarkable 16%.
As of May 14, 2025, the cedi is trading at GH¢12.72 to the dollar.
Dr Cassiel Ato Forson, the Minister for Finance has stated the recent cedi appreciation is not a nine-day wonder.
According to the Finance minister, the cedi appreciation will be sustained.
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