In an Interview with Fact-Check Ghana, Economist Professor Lord Mensah debunked some claims made by Ghana’s deputy finance minister about the cedi currency.
Readers can recall how Dr John Kumah started that Ghana’s cedi is not the weakest as critics put it. John Kumah is reminisced to have indicated that talking about the strength of currencies, the cedi is third behind the Lybian Dinar and Tunisian Dinar.
Fact-Check Ghana has verified the claims of the Deputy Finance Minister and finds them untrue.
In response, Fact-Check Ghana has confirmed that the Tunisian Dinar is not the second strongest currency in Africa. Besides, the Lybian Dinar is not the strongest currency in Africa.
What then is the strongest currency? What should be the best measure of the strength of currencies? The Economist Professor Lord Mensah explained that the rate of depreciation should be the mode for such rankings.
Per the rankings confirmed by Fact-Check Ghana, the Guinean Franc is the strongest currency in the African continent and the cedi currency is the worst currency.
Why then did Dr John Kumah give such claims about the cedi? Is that for propaganda or political points?
Should Deputy Finance Minister Dr John Kumah officially announce an apology to the good people of Ghana?
Should Ghanaians continue to believe the deputy finance Minister? Should our politicians check their facts diligently before coming to the media for such interviews?
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