As the leader of the Akufo-Addo government's economic management team, Vice President Mahamadu Bawumia has failed to stabilize the cedi, hence Mr. Henry Osei Akoto, a National Organiser candidate for the National Democratic Congress (NDC), has encouraged him to give up on his presidential aspirations.

Dr. Bawumia, who previously said: "If the fundamentals are poor, the exchange rate will expose you," has allegedly been severely undermined by the cedi, according to Mr. Akoto.

On Thursday, October 20, 2022, during Ghana Yensom, a segment of Accra100.5FM's morning program, Mr. Akoto gave the guidance to Emmanuel Quarshie (The Hitman).

He said the cedi depreciation had made nonsense of the presidential ambition of Dr Bawumia.

“The Vice President has, over the years, been touted as the economic wiz kid of the governing New Patriotic Party (NPP), [however], the current depreciation of the cedi has badly exposed his economic prowess,” Mr Akoto said.

He said Dr Bawumia is a “book economist” who lacks practical skills.

Mr Akoto warned the Vice President not to come close to the presidential race of the New Patriotic Party (NPP).

He urged him to pack his baggage and go enjoy his retirement.

Mr Akoto argued that should Dr Bawumia become president of Ghana, he would plunge the country into an economic abyss.

In his view, the economic wizard has now become a digitalisation poster boy.