YOUR HARVARD PHDS DIDN’T STOP CEDI TUMBLING FROM GH¢4 TO GH¢12 FOR $1 – Kwesi Pratt Jabs BoG ‘Academics’

“Nonsense… all of those universities and those degrees have not prevented the cedi from losing value from GHS4.20 to $1, today, we are exchanging the cedi at GHS12 for $1. No Harvard degree managed to stop this. So, don’t waste our ears with your Harvard degree. We don’t care,” he said.

According to him, it is contradictory that these leaders, such as the governor of the Bank of Ghana, are not answerable to the Ghanaian people but rather the president of the republic who chooses them.

Pratt consequently demanded that the Ghanaian Constitution of 1992 be reviewed in order to examine these governmental institutions.

Mr. Pratt claimed that because academics and technocrats at the central bank answer to no one, they had wrecked Ghana’s economy. He was particularly unhappy with the Bank of Ghana’s independence.

“The independence of the governor and so on must be thrown into the wastepaper basket, thrown into the dustbin. It has no relevance throughout our history. In whatever we do, it is the will of the people which does matter.

“In whatever we do, it is that taxi driver, that ‘nika nika’ operator, that chop bar operator, it is their while, their interest which must move us forward and not the interest of some godforsaken academics, whose only boast is that they went to Harvard and they have doctorates in economics and so on,” he said.