The Rambo style in which the Legislative leader of the Bank of Ghana (BoG), Ernest Kwamina Yedu Addison is collapsing local banks pointlessly is partly to blame for the depreciating cedi against the dollar, controversial musician and individual from the New Patriotic Party (NPP), Kwame Asare Obeng also called A Plus has attributed.
A Plus who is of the view the Lowland senator lacks intelligence and sound judgment to deal with the banking emergencies, sees that his advantage just lies in collapsing local banks and now considering same for savings and loans companies.
His remarks on social media located by reaction to a tweet by a UK financial expert Charlie Robertson who has depicted the cedi as the cheapest in Africa having depreciated by 8.6 percent this year alone.
His tweet reads
‘Ghana’s money in the last couple of minutes has quite recently turned into the cheapest in Africa – (at GHS5.745/$) – based on our real viable exchange rate show. Regardless of a present account secured by FDI and twofold digit financing costs.’
In any case, A Plus who is dubious about the capability of the present legislative leader of the Central Bank indicates that a portion of his choices and actions are to blame for what the nation is facing right now.
He composed on his Facebook page:
‘This is what happens when you have a legislative head of Bank of Ghana, who collapses banks in Rambo style, guarantees that investors’ monies are safe, workers are safe, anyway cannot pay contributors their cash, sacks representatives anyhow. As if that isn’t sufficient, causes more panic by announcing on radio and television that, however, he cannot pay contributors after shutting down banks, his next target is savings and loans and triggers panic withdrawals at savings and loans.’
