Rédaction Africa Links 24 with Reymond Awusei Johnson
Published on 2024-02-03 11:49:16
Former President John Dramani Mahama recently made a series of comments during a meeting with members of the Upper East Regional House of Chiefs, as part of his two-day tour to the region. He expressed his belief that the economic crisis faced by the country is a result of mismanagement and self-inflicted, rather than being solely due to external factors. He emphasized that the economic managers of the country have led it into this situation through excessive borrowing.
During the meeting, Mahama highlighted various economic indicators that illustrate the nation’s economic decline, such as high inflation rates, currency depreciation, and escalating living costs. He used the example of the cedi-to-dollar exchange rate, pointing out that the exchange rate had risen to about 4 cedis to the dollar, despite previous claims that the government had jailed the dollar. He emphasized that, in the current situation, one would need GH¢12.50 to acquire 1 dollar, showcasing the significant devaluation of the local currency.
The former president contended that these economic challenges are not solely due to external factors but are instead heightened by the current government’s mismanagement. He highlighted what he sees as shortcomings in fiscal discipline, insufficient revenue mobilization strategies, and a perceived lack of prudent economic management.
In response to these challenges, Mahama advocated for a reassessment of economic policies to address the underlying causes of the crisis and provide relief to citizens. He stressed the need for improved fiscal discipline, more effective revenue mobilization strategies, and a reevaluation of economic management practices to mitigate the effects of the crisis.
Throughout his remarks, Mahama aimed to convey that the economic crisis faced by the country is not solely due to external factors, but rather a result of mismanagement by the government’s economic managers. He emphasized the need for a reassessment of economic policies, greater fiscal discipline, and more effective revenue mobilization strategies to provide relief to citizens and address the root causes of the crisis.
Overall, Mahama’s comments during his tour to the Upper East Region sought to draw attention to the economic challenges faced by the country and to advocate for changes in economic management practices to address these issues. His remarks underscored the need for a comprehensive approach to economic policy that addresses both internal and external factors contributing to the current crisis.
Read Original article on Pulse News
