Audio By Carbonatix
The country in recent times has landed itself in an economic downturn.
Presently, the country's inflation stands at 54.1 percent, the cedi is currently appreciating against the major foreign currencies after a free fall in December last year.
Generally, there is a high cost of living.
The government is currently seeking a bailout from the International Monetary Fund.
Meanwhile, to sustain the country's debts, government introduced a debt exchange programme, which has been widely rejected.
In a Facebook post on Saturday, the Ranking Member on Parliament's Finance Committee, Dr Cassiel Ato Forson has enumerated reasons why he thinks the country "got into this economic mess."
Find the 7 reasons below:
1. The NPP has the largest size of government in the history of Ghana! Find out how many ministers they’ve appointed from 2017. At one point, they had over 125 ministers!
2. This government has over 1,000 presidential staffers paid as article 71 office holders at the jubilee House!
3. They’ve also appointed soo many special assistants to ministers with emoluments close to that of deputy ministers at the various MDA's.
Take also into consideration:
4. The number of spokespersons at various MDA's paid above the pay of Directors!
5. The number of CEO's at various State-owned Enterprises (SOEs) and their pay packages! Many of these SOEs now employ 3 or 4 deputy CEOs with fat conditions of service!
6. The impact of the Over 50 new agencies with zero output, eg. CODA, NADA, MBDA, free SHS secretariat, 1D1F secretariat, Petroleum Hub Development Authority, Ghana cares Secretariat, etc
7. The unconscionable decision to send over 100 Databank staff to the Finance Ministry as special assistants and paid as customs commissioners on GRA’s payroll!
Latest Stories
-
Dad unlawfully killed daughter in Texas shooting, coroner rules
58 minutes -
Anas wins 7 – 0 as SC unanimously rejects attempts to reverse judgment in his favour
1 hour -
The cocoa conundrum: Why Ghana’s farmers are poor despite making the world’s best chocolate
2 hours -
Powerful cyclone kills at least 31 as it tears through Madagascar port
3 hours -
GoldBod summons 6 gold service providers over compliance exercise
3 hours -
Power disruption expected in parts of Accra West as ECG conducts maintenance
3 hours -
Police investigate alleged arson attack at Alpha Hour Church
4 hours -
Heavy Sunday downpour wrecks Denyaseman SHS, schools, communities in Bekwai Municipality
4 hours -
Ridge Hospital is in critical condition – GMTF Boss appeals to corporate Ghana
4 hours -
Introduce long term measures to tackle challenges in cocoa sector – IERPP to government
4 hours -
Agricultural Economist proposes blended financing model to support cocoa sector
5 hours -
NPP MP warns against reducing producer price as government rolls out cocoa reforms
5 hours -
Tano North MP urges halt to grain exports over food glut
5 hours -
Farmers hopeful as government moves to expedite cocoa payments
6 hours -
Tensions at Agbogbloshie market women oppose AMA drain cleaning exercise, items confiscated
6 hours
