Prof. John Gatsi, the Dean of the University of Cape Coast’s Business School was exposed on City Tv’s Point of View with Bernard Avle as host, for cooking up figures on key economic indicators on Wedneday, 22nd January, 2020.
Prof. Gatsi who was Head of Finance Department at the university until his elevation to a dean churned out figures which were disputed by his co-panelist, Dr. Gideon Boako.
Prof. Gatsi, in his submission on the state of the economy said that the cedi has performed poorly against the dollar, saying the Ghanaian currency is trailing the US dollar at 5.7.
The Spokesperson for the Vice President, Dr. Gideon Boako quickly drew Prof. Gatsi’s attention to the falsity in his figure.
According to the economist, a dollar goes for 5.5 cedis, and not the 5.7 cedis Prof. Gatsi alluded to.
As if that was not enough, Prof. Gatsi also indicated that the end of 2016 figure of the cedi to the dollar was 3.9. Once again, Dr. Boako had to step in to expose him for another lie he had peddled.
Dr. Gideon Boako stated and quoted Bank of Ghana’s official figure as 4.2 cedis to the dollar. He went on to school Prof. Gatsi on the performance of the cedi, detailing how the cedi had fared against the dollar under various regimes.
In the final analysis, Dr. Boako showed, with empirical facts, how the Akufo-Addo administration, in three years, has performed far better than the NDC in the never-ending cedi/dollar war.
Prof. John Gatsi is rumored to be highly interested in the running mate slot of John Mahama as elections 2020 approach.
Many believe that his sudden interest in going on radio and television to speak for the NDC is a calculated move to catch the eye of the party’s presidential candidate.