John Dramani Mahama, the National Democratic Congress's (NDC) flagbearer, has sharply criticized President Nana Addo Dankwa Akufo-Addo over the Ghanaian cedi's steep depreciation. Speaking at a rally in Nkwabeng, Nkwanta South District, during his tour of Bono East Region, Mahama expressed his dissatisfaction with the current exchange rate, which has surpassed 15 cedis per dollar.

Mahama questioned President Akufo-Addo's assertion that the economic conditions are better now than under the previous NDC government, which experienced single-digit inflation. He pointed out that during the Atta Mills administration, the exchange rate was GH¢2 per dollar. Under Akufo-Addo, it rose from GH¢4 to GH¢16 per dollar over nearly eight years in office.

Mahama argued that the President should have resigned when the cedi depreciated to GH¢16 per dollar, criticizing the justification of the current economic situation. He highlighted the difficulty in comparing GH¢16 to a dollar with GH¢4 to a dollar and noted the sharp increase in the cost of basic goods like cement.

"It is hard to see how GH¢16 to a dollar can be considered better than GH¢4 to a dollar, even the prices of basic goods like cement have skyrocketed," Mahama stated.