Former National Vice Chairman of the New Patriotic Party (NPP), Michael Omari Wadie, has pointed to the sharp depreciation of the cedi in 2021 and 2022 as a major factor that pushed President Nana Akufo-Addo to seek financial assistance from the International Monetary Fund (IMF).
Speaking in an interview on GHOne TV, Omari Wadie explained how the rapid decline of the cedi affected businesses and livelihoods, ultimately shaping the political landscape.
“The problem started in 2021/2022 when the dollar was around 6 cedis, and within three months, it went to 12 cedis, and it affected everybody. That is what forced him (Akufo-Addo) to go to the IMF,” he stated.
Beyond the economic crisis, Omari Wadie highlighted voter apathy as a critical issue in the last election, revealing that many NPP supporters chose not to participate in the polls.
“Most NPP voters did not go to vote. They didn’t like John Mahama but were not happy about what was happening, especially after 2021,” he noted.
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