He stated that the value of his $40 million in Cedi equivalent had plummeted to $16 million over the course of five months, beginning in March 2022 and continuing through August 2022.
He is of the opinion that the New Patriotic Party (NPP) going to the International Monetary Fund (IMF) is the same as the NPP willingly ceding power to the National Democratic Congress (NDC) without a struggle.
The representative for Assin Central added that those who will lead the New Patriotic Party (NPP) to break the eight cannot be the same persons or faces as those who will take the party to the International Monetary Fund (IMF).
He made a reference to Vice President Dr. Mahamudu Bawumia, who is in charge of the economic management team that is trying to receive financial support from the IMF while at the same time professing to be a strategist.
If we don't run a clean campaign, we're going to run into problems, because I'm going to respond to every allegation that's been made against me. You call yourself a strategist, yet back when we were seizing power, one dollar was for GH4, and today that same dollar is worth GH12. Despite this, you call yourself a strategist.
"In March 2022, I had 40 million dollars worth of Cedi equivalent, and by August 2022, the value of those 40 million dollars had dropped to 16 million," he added.
He gave the impression that he would be a better guardian of the economy in comparison to his rivals.
After China agreed to a significant debt restructuring that was vital to the resolution of Accra's protracted economic and financial crisis, the International Monetary Fund (IMF) authorised a loan in the amount of $3 billion for Ghana.
The approval, which would instantly release $600 million, brings to a close the first stage of a drawn-out battle about the $63 billion in domestic and foreign debts that Ghana racked up over the course of the previous 15 years.
The decision made by the International Monetary Fund (IMF) to continue through with the bailout will be applauded by other nations that are having difficulty reaching an agreement with their lenders regarding how to deal with their debt problems.
The project is based on the government's Post-COVID-19 project for Economic Growth (PC-PEG), which aims to restore macroeconomic stability and debt sustainability and includes broad-ranging reforms to create resilience and set the framework for stronger and more inclusive growth. The goal of the programme is to restore macroeconomic stability and debt sustainability.
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