The “Kpalego” Dancing of the Cedi lies with Leadership and Attitudes of Ghanaians-Kamal-Deen

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A deputy National Communications Director of the ruling New Patriotic Party, Kamal-Deen Abdulai has stated that the performance of the cedi lies with leadership of the country and the attitudes of Ghanaians.

In a Facebook post, the NPP Deputy Spokesperson said “Leadership because, the onus lies on them to ensure that the system doesn’t appear porous and vulnerable, in the sense that, strict adherence to laid down fiscal policies by all market players in the financial sector must be key.”

He added that attitude of we Ghanaian people also contribute to the depreciation of the cedi.

He said “for some reasons best known to us, we cherish foreign currencies than our own legal tender, to the extent that virtually every product now especially in the estate industry is quoted in dollars.”

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The cedi has been depreciating in recent times causing nationwide uproar on what can be done to salvage the local currency.

Members of the opposition NDC have questioned the economic competence of the vice president as was promised Ghanaians prior to the 2016 general elections.

The finance minister and the governor of the Bank of Ghana have given several assurances that measures are being put in place to curb the unfortunate depreciation of the cedi.

Adding his voice, Kamal-Deen asked “what a country we find ourselves, where everyone feels he/she is on his own in the fiscal sector. And, why won’t the cedi be dancing kpalego?”

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Below is the message posted on his facebook wall.

I sincerely believe the performance of the cedi has to do with the following; Leadership and attitude of we the Ghanaian people.
1, Leadership because, the onus lies on them to ensure that the system doesn’t appear porous and vulnerable, in the sense that, strict adherence to laid down fiscal policies by all market players in the financial sector must be key. For instance, what is leadership doing about the black market and so called licensed forex bureaus who flout our regulations with impunity?
2, Attitude of we Ghanaian people, for some reasons best known to us, we cherish foreign currencies than our own legal tender, to the extent that virtually every product now especially in the estate industry is quoted in dollars. Why, is the dollar our currency?
Sad!!
Again, Hotel operators, Car rental companies etc are all charging in dollars instead of in Cedis and we all look on unconcerned yet we have a currency to protect and an economy to build together.
Sad!
What a country we find ourselves, where everyone feels he/she is on his own in the fiscal sector. And, why won’t the cedi be dancing kpalego?

Source: The Evening Mail

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