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The Member of Parliament for Bolgatanga Central, Isaac Adongo, has asked the government of the New Patriotic Party (NPP) to credit Ghanaians “with some modicum of intelligence” regarding its attempt to blame others for the fall of the cedi.

According to Mr. Adongo, the government has resorted to blaming everyone in the country, but itself, for the abysmal performance of the cedi due to its deficient fiscal policies.

His comments come on the back of accusations by the Finance Minister, Dr. Mohammed Amin Adam, criticizing the legislator for allegedly encouraging people to purchase dollars for their business operations.

Dr. Amin Adam accused Mr. Adongo of attempting to undermine the Ghana Cedi and cause further depreciation.

At a press conference on Monday, July 01, 2024, the Minister who also serves as the Karaga Member of Parliament, described his colleague and friend’s actions as inappropriate.

He claimed that Mr Adongo’s comments were intentionally made to incite negative sentiments against the recent appreciation of the local currency.

But on Ghana Tonight Monday, July 01, the Ranking Member on the Finance Committee of Parliament said “if people go on the market and get dollars to do their business, nobody will speculate on the dollar.”

He continued that, “the NPP’s philosophy of managing this country is to blame everybody but themselves. And they must begin to understand, that as a collective, they should credit the people of Ghana with some modicum of intelligence.”

The MP indicated that the government should discard the notion of being wiser than every other Ghanaian, explaining that it sought to lie its way to the people with the US$4 billion cash flow it promised.

He said the NPP government should know “that Ghanaians collectively, are a million times intelligent than the whole government of the NPP put together. When the Finance Minister told them that some US$4 billion cash flow was coming into this country, knowing that there is no such US$4 billion coming into the country, but that we have been given the arrears of debt service after you suspend payment. What were you seeking to do? You were seeking not to be truthful to the people. You were lying to them”

“…and if I go and tell the people that don’t listen to the Finance Minister because no US$4billion is coming in and they have not told you who is bring that US$4billion and to the best of my knowledge, we owe US$4billion in arrears of debt service which has been forgiven. How does that amount to US$4billion which is coming into the economy?” he quizzed.

Have yourself to blame for fall of cedi – Adongo hits back at Finance Minister for accusing him of speculation