Audio By Carbonatix
A political scientist at the University of Ghana has asked President Akufo-Addo to order the Finance Minister to seek assistance from his predecessor in addressing the current economic hardship.
Professor Ransford Gyampo said Seth Tekper has enough knowledge that can be useful in these times.
In his view, Ken Ofori-Atta seems to be over ministerial reshuffle, a situation that keeps worsening Ghana’s economy.
In a Facebook post on Sunday, October 2, he asked the President to put the interest of the nation above all others.
"It is decidedly clear that Ken Ofori Atta is beyond ministerial reshuffle. Mr Presidnt, please task him to seek some assistance from Seth Tekper in addressing our economic miseries. For, winner-knows-all politics hasn’t been helpful," he said.
Ghana’s economy is going through difficulties leading to hardships for Ghanaians.
The cedi has been reported by Bloomberg to be the worst-performing African currency and is also constantly depreciating against some major international currencies.
The currency has dropped by at least 35 per cent in 2022, according to Bloomberg.
Government has thus said it will fast-track negotiations with the IMF to ensure key aspects of the programme are reflected in the 2023 budget statement.
However, Mr Ofori-Atta has insisted that the economy is gradually on the upswing despite the numerous shocks it faced over the past two years.
“This progress gives us a solid foundation to confront the challenges ahead. Undoubtedly, global risks remain on the horizon, including a strengthening US dollar and higher interest rates which negatively affect external borrowing.”
“This development is exerting enormous pressure on our Balance of Payment position, and thus the need for us to expedite our engagement with the International Monetary Fund”, he mentioned at a press briefing last week.
Latest Stories
-
A source of excellence across generations – Vice President Opoku-Agyemang lauds Mfantsipim
1 hour -
(Photos) Mfantsipim School launches historic 150th anniversary
2 hours -
Knights and Ladies of Marshall group backs Catholic Bishops’ stance on anti-LGBTQ+
3 hours -
Bright Simons writes: All the Filla in the Ibrahim Mahama/E&P – Gold Fields Saga
3 hours -
Monetise Idiocy In Ghana
3 hours -
ECG kicks off Phase Two of transformer upgrades at Lashibi; brief outages expected
4 hours -
The Ghanaian prophet and the mysterious death of his scottish wife Charmain Speirs
4 hours -
Nearly 400 sentenced in Nigeria for links to militant Islamists
4 hours -
Ghana’s recovery supported by gold strength despite global oil price pressures – Standard Bank Research
4 hours -
Methodist Church hails Mfantsipim@150; calls for “fresh consecration” to excellence
5 hours -
‘Excellence is our inheritance’ – Nana Sam Brew-Butler hails Mfantsipim’s 150-year reign in leadership
5 hours -
Kwaku Azar writes: A-G vs OSP
5 hours -
Mfantsipim–Adisadel rivalry built excellence, not division – Sam Jonah
5 hours -
Vice President launches Mfantsipim’s 150 years of shaping Ghana’s greatest mind
6 hours -
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
6 hours