spot_img

Van Vicker: Criticism Over Cedi Appreciation ‘Narcissistic’

Published on

spot_img

Ghanaian actor Van Vicker has urged citizens, particularly those living abroad, to acknowledge and commend President John Mahama and the National Democratic Congress (NDC) government for the recent appreciation of the Ghanaian cedi against the US dollar.

In a Facebook post published on 28 May, Vicker expressed frustration with some members of the diaspora who appear discontent with the strengthening of the local currency, describing such sentiments as “narcissistic.”

“Regrettably, some Ghanaians living abroad are not enthused because the dollar has dropped against the cedi. How narcissistic can one be?” he wrote.

The actor, who is widely known for his roles in African cinema, described the cedi’s recent performance as “remarkable” and expressed hope that the trend would be sustainable. He stressed that his comments were not politically motivated but rather an acknowledgment of what he considers effective economic management.

“This is not a political statement. It is an acknowledgement of a good job done so far. Call a spade a spade. Give credit to whom credit is due,” he added.

Vicker cited a range of possible factors contributing to the cedi’s recovery, including shifts in the global economy, decreased government expenditure, legal pressure on the Bank of Ghana’s leadership, and a rise in dollar circulation within the local economy.

The cedi, which was trading at around GH¢17 to $1 in recent months, is now valued at approximately GH¢10.29 to $1 — a development the actor described as a significant rebound for the Ghanaian economy.

Despite acknowledging the volatility of exchange rates, Vicker reiterated the importance of recognising progress. “Be that as it may, the fact remains that the Ghana cedi is approximately GH¢11 to $1 today. It was approximately GH¢11 to $1 a few months ago,” he noted.

Source:TheDotNews

Latest articles

Mahama Pledges Major Cocoa Sector Revival With 200,000-Hectare Expansion Plan

President John Dramani Mahama on Saturday announced an ambitious plan to revive the country’s...

Court Motion Stalls Wontumi’s Release Despite Bail Conditions Met

The legal team representing Bernard Antwi Boasiako, the influential Ashanti Regional Chairman of the...

GH₵50m Bail Intended to Delay Wontumi’s Release – Bawumia Alleges

Former Vice President and New Patriotic Party (NPP) flagbearer Dr Mahamudu Bawumia has criticised...

Bawumia Disappointed After Being Denied Access to Detained Wontumi

Former Vice President,Dr. Mahamudu Bawumia, was denied access on Friday to Bernard Antwi Boasiako,...

More like this

Mahama Pledges Major Cocoa Sector Revival With 200,000-Hectare Expansion Plan

President John Dramani Mahama on Saturday announced an ambitious plan to revive the country’s...

Court Motion Stalls Wontumi’s Release Despite Bail Conditions Met

The legal team representing Bernard Antwi Boasiako, the influential Ashanti Regional Chairman of the...

GH₵50m Bail Intended to Delay Wontumi’s Release – Bawumia Alleges

Former Vice President and New Patriotic Party (NPP) flagbearer Dr Mahamudu Bawumia has criticised...

Discover more from The Dot News

Subscribe now to keep reading and get access to the full archive.

Continue reading