Minority Leader Alexander Afenyo-Markin is of the view that the cedi’s stability is not sustainable.
According to him, the reason for the cedi’s strength is not because Ato Forson, PhD, is doing anything exceptional.
Rather, the government has not begun any form of payment since taking office.
Alexander Afenyo Markin believes that if payments start, the cedi may lose its stability, and there will be a free fall soon.
“Do you know why the cedi is stable? The cedi is stable not because Dr Forson at the Finance Ministry is doing anything special; but it is because the Government is not spending, it is because contractors are not being paid, it is because there is no liquid circulating in the economy,” he said.
Adding that “a lot of certificates have not been paid, not one. Mainstream government, the Finance Ministry, hasn’t paid a single soul. What they have been paying is money for Jubilee House, the president’s fuel, Chief of Staff’s car, protocol releases, expenditure for other ministries. But government has not paid the private sector people they owe,” he told Adom TV.
