
Audio By Carbonatix
The South African National Democratic Congress Council of Elders Chair, Benjamin Quashie, has posited that Vice President Mahamudu Bawumia's performance would go down in history as Ghana's worst head of economic management team.
According to him, Dr. Bawumia had no right to request the late Vice President Amissah Arthur to provide answers to some questions about the economy when he was the running mate to the then NPP flagbearer, Nana Addo Dankwa Akufo-Addo.
Speaking on Happy FM's Morning Show, the SA NDC Chair hinted that the economy of Ghana is performing poorly and this is an indictment on the Vice President and this is the reason why President Mahama's 24-hour economy is a good proposal Ghanaians must embrace.
To buttress his point, he shared that "lending rates in 2016 were 8.3% but 14% in 2021. Again in 2016, the budget deficit was 6.1% but in 2020 it was 15.7%, expecting that in 2022 it would be 12%.
"The unemployment rate before we [NDC] exited office in 2016 stood at 8.4%, in 2021, the last one we had was 14%. If we don't do things differently we will continue to get the same rates as has happened to almost all governments in the Fourth Republic," he stated.
Regarding the above, Mr. Quashie believed that there needs to be a complete paradigm shift from the old way the economy has been operating all these years and this is where the 24-hour economy comes in handy.
According to him, while others, especially members of the ruling government have tried to pooh-pooh the policy, “the TUC has agreed upon it, CEOs' Forum have agreed upon it, Austin Gamey has agreed upon it. Other people who know our economy is on the downward spiral have all agreed that the 24-hour economy can help make a difference.”
He added that the 24-hour economy would work on an 8-hour shift system.
“We've all traveled and we know how these things work. Why can't we replicate the same in our country?” he quizzed.
“This is a game changer. It would ensure unemployment is reduced, ensure our economy grows and there is a whole blueprint to that effect,” he stated.
Latest Stories
-
Ghana secures US$250,000 World Gold Council grant to boost responsible small-scale mining
4 minutes -
Women, agents of change: My take from Vancouver Zonta Convention
13 minutes -
Ghanaian author’s cancer memoir added to Stanford University library, recognised by US Library of Congress
24 minutes -
MoMo and GhIPSS champion national development by digitising informal transport payments
30 minutes -
Telecel Ghana announces 2026 FESSP cohort to help close STEM’s gender gap
36 minutes -
GH¢4.2m deducted from National Service Personnel allowances for now-suspended training programme
44 minutes -
Telecel Ghana employees bridge ICT education gap in Asikuma
49 minutes -
9 weeks after IMF exit, gov’t is back for $1bn in loans – Oppong Nkrumah questions fiscal strategy
53 minutes -
Overzealous police behind most offensive conduct arrests – NDC lawyer Victor Adawudu
1 hour -
NDC lawyer Victor Adawudu says speech-related prosecutions rarely go anywhere
1 hour -
False news publication law: Both NDC and NPP use arrests to energise their bases – Adawudu
2 hours -
‘Don’t rush to scrap it’ – Victor Adawudu defends criminal offensive conduct law
2 hours -
EU envoys meet to negotiate 21st Russia sanctions package
2 hours -
Actor Rebel Wilson did not defame colleague in social media posts, Australian court finds
2 hours -
Fewer children got US-backed HIV treatment after aid cuts, study finds
2 hours