Cedi Is One Of the Best performing Currencies In Africa -President Mahama
President John Mahama has stated that the Ghana Cedi is currently one of the best performing currencies in Africa and the economy has become resilient contrary to the propaganda being peddled by the opposition NPP for political expediency.
He said as a student of history and social psychology, he is aware of how some politicians create a feeling of crisis in a bid to wrestle power.
The President was interacting with Students of the University of Ghana as he ended the second phase of his campaign tour of the Greater Accra region.
President Mahama was given a heroic welcome to the campus of the University of Ghana by students and particularly residents of the famous Commonwealth Hall of which he is an Alumnus.
The vandals as they are known escorted the President’s convoy right from the entrance to the central cafeteria where the event took place.
Certainly it was a nostalgic moment for the President.
The Vice Chancellor of the University of Ghana, Professor Ebenezer Owusu Oduro, acknowledged he had never seen such a crowd on campus.
It was more of an intellectual discourse between President Mahama and the students as he tried to explain issues bordering on the economy and other aspects of the governance structure.
He said he took over office at a time the economy was declining, the cedi had lost its value, inflation was rising, unstable power supply and a deficit in social infrastructure.
These challenges he said have engaged his attention the last few years as he strive to fix them.
He said the IMF program nonetheless has proven viable as the micro economy has taken shape.
On Social infrastructure, President Mahama said with the efforts employed about eighty percent of Ghanaians have access to electricity and with the expansion of water systems Accra for instance currently has a hundred percent access to water, the first in the history of the country.
He said with the revamping of the Bulk Oil Storage and Transport Company [BOST], the country can now boast of nine weeks of strategic storage instead of the usual six weeks.
With this, Ghana currently exports Petroleum products to Mali, Burkina Faso and Niger.
President Mahama said as government takes steps to create jobs for the teeming youth, students must also be guided in their course choices to enable them to align their studies to industry needs.