Audio By Carbonatix
A stalwart of the New Patriotic Party (NPP) has asked government to own up to its responsibility for the current economic crisis.
Dr. Arthur Kennedy said government cannot continue to blame the economic woes on the twin problems of Russia-Ukraine war and the Covid-19 pandemic.
He explained that although these two occurrences contributed to the country’s economic downfall, government must come clean for its failure to effectively manage the economy.
“I think that this whole thing started on a wrong foot. I think that the talk that Covid and the Ukraine war is responsible for the problems we are having, it is true to some extent, but it will help if the government were to say we had good intentions, we did our best, we thought these things will work but some of the things we said were going to work have not worked so we share some of the responsibilities for where we are,” he said on Newsfile, Saturday.
“When you do that then people’s minds and hearts will be opened,” he added.
Reacting to the government’s IMF economic programme, he called for a national consensus rather than any partisan stance.
“It is important to build a national consensus around this programme so that all of us will support it even when government’s change.”
Government is expected to reach a staff-level agreement with the International Monetary Fund by Tuesday, December 13, 2022.
A Staff-Level agreement will pave way for the Board of the Fund to negotiate and probably approve a programme for the country.
The government also begun restructuring the country’s debt from Monday December 5, 2022, a major step in reaching a deal with the IMF to start a programme. The Debt Exchange Programme started with domestic debt.
Latest Stories
-
Western Regional Minister urges Ghanaians to use Christmas to deepen national cohesion
52 minutes -
Thousands turn Aburi Gardens into a festive paradise at Joy FM’s Party in the Park
54 minutes -
Source of GOLDBOD’s trading funds questioned amid reported $214m loss
1 hour -
Kind Hearted Beings Charity spreads joy during festive season
1 hour -
Gun Amnesty: Take advantage before it expires on January 15 – Interior Ministry
1 hour -
KNUST College of Engineering deepens industry partnerships to drive innovation and national development
2 hours -
Mammoth crowd turned up for 2025 edition of Joy FM’s Family Party in the Park
2 hours -
NDC can’t change the constitution alone – Minority MPs hold key role, says Barker-Vormawor
3 hours -
Parents of Persons with Disabilities call for affordable rehabilitation services
3 hours -
Barker-Vormawor urges President Mahama to lead constitutional reform implementation
3 hours -
Dr Nyaho Nyaho-Tamakloe calls for abolition of ex gratia payments, excessive benefits for public officeholders
3 hours -
Dr Nyaho Nyaho-Tamakloe backs review of presidential immunity provisions in Ghana’s constitution
3 hours -
Dr Nyaho Nyaho-Tamakloe opposes presidential term extension
4 hours -
Dr Nyaho Nyaho-Tamakloe: On Ghana’s constitution review and the future of democratic governance
4 hours -
Victoria Bright supports lowering presidential age limit to 30
4 hours
