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  • Writer's pictureNana yaw Dynamic

Cecilia Dapaah’s $1m which was GHC6m in 2021 is worth GHC14m today, she kept it for profit – NDC’s Malik

Deputy National Communications Officer of the opposition National Democratic Congress (NDC), Malik Basintale, has noticed that the explanation former Sanitation Minister, Cecilia Abena Dapaah, kept over a million dollars in her house was on the grounds that she needed to build sufficient benefit after some time.

In an interview on TV3, Mr Basintale noted in 2021, the over a million dollars taken from the home of Cecilia Dapaah by her home aides was worth around GHC6 million. Notwithstanding, in 2024, a similar sum is worth over GHC14 million. He affirms that the previous priest along with other government nominees are treating colossal amounts of dollars to empower them acquire more because of the devaluation of the Ghana cedi.

"Your nominees are occupied with creating gain from the dollar-cedi proportion. Cecilia Dapaah's $1 million, assuming it was under her bed in 2021 it implied that what could be compared to that was around GH6 million. On the off chance that she didn't contact that, today what might be compared to that is GHC14.6 million. Do you know the benefit she has made in three years."

"So the deputies of President Akufo-Addo have intentionally chosen to stuff dollars under their beds," he said.

The Ghana cedi is supposed to confront further deterioration against significant exchanging monetary standards this week because of industrious corporate interest, as verified by money experts and merchants who mentioned secrecy.

They trait the cedi's debilitated presentation to both interior and outer variables, including the reinforcing US dollar against Developing Business sectors monetary forms. April 2024 saw a slight lessening in expansion to 25% year-on-year from Spring 2024's pace of 25.8%, to a great extent driven by a decrease in food expansion to 26.8%.

A few examiners expect likely inflationary tensions, which could invigorate extra speculative interest for the US dollar, thusly debilitating the cedi. The cedi has been among the most exceedingly awful performing monetary forms universally this year.


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