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Bawumia: Govt to “steal” Ghc1.6b of cocoa farmers’ money

"A former Deputy Governor of the Bank of Ghana is accusing the Mahama administration of scheming to rip off cocoa farmers by as much as Ghc1.6 billion by pegging the Cedi-Dollar exchange rate"

Source: starrfmonline.com

Posted on : Wed 27 Aug 2014

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A former Deputy Governor of the Bank of Ghana is accusing the Mahama administration of scheming to rip off cocoa farmers by as much as Ghc1.6 billion by pegging the Cedi-Dollar exchange rate at Ghc3 per USD$1.

According to the two-time Running Mate of the main opposition New Patriotic Party, “… by setting the exchange rate at Ghc3 to USD$1, they [Government] are able to steal Ghc1.6 billion from the cocoa farmer”.

Speaking to Delegates in Tema in the Greater Accra Region ahead of the party’s Super Delegates Conference scheduled for Sunday, Dr Bawumia also accused the Ghana Cocoa Board (Cocobod) of conspiring with political officialdom to throw dust in the eyes of cocoa farmers, through a propagandist application for USD$2 billion, purportedly meant to help them.

“In two weeks’ time, Cocobod is planning to take USD$2 billion of loan to come and pay cocoa farmers”, Dr Bawumia said.

He also accused the government of using propaganda to govern the country. “We are tired of propaganda management of this economy”, the Economist-turned-Politician told the crowd.

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