Address Cedi depreciation and stop calling for unnecessary debate – Jinapor to Bawumia

The Member of Parliament for Yapei Kusawgu, John Jinapor, has urged the flagbearer of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, to focus on addressing the depreciation of the Cedi to mitigate the rising fuel prices instead of calling for debates ahead of the December elections.

Jinapor’s comments come in response to the recent hike in the prices of petroleum products.

In a recent interaction with journalists, the Yapei Kusawgu accused the government of causing financial loss to the state due to the ineffective implementation of the gold-for-oil policy, which was intended to curb the continuous increase in fuel prices.

“The managers of the economy have to sit up. And clearly, the Bank of Ghana is losing it. While the Bank of Ghana is spending millions of Cedis and dollars on the gold-for-oil programme, the currency is not stabilising.

“The Cedi is depreciating, fuel prices are going up, cost of living is going up, and everybody is suffering. But worst of all, wages and salaries are stagnating. Wages and salaries are not going up. The managers of the economy have lost it.

“And I think that Dr. Bawumia, instead of calling for a debate, should rather spend some time concentrating on managing the economy. He should stop the unnecessary call for a debate, do his work as the head of the economic management team and ensure that we deal with the ever-rising cost of fuel.