Audio By Carbonatix
The Director of Research at the Institute of Economic Affairs, Dr. John Kwakye, has challenged President Akufo-Addo’s assertion that the Finance Minister has done well and therefore cannot be sacked, saying, Finance Ministers must always be held responsible for a country’s economic problems.
In a tweet, the economist and a former member of the Monetary Policy Committee of the Bank of Ghana said since Finance Ministers are responsible for managing the finances of every country, therefore they must take the blame for any mess created.
“Finance Ministers must always be held responsible for a country’s economic problems no matter the source. Kwesi Kwarteng is a clear example”.
Dr. Kwakye also said the solution to the country’s problems does not rest with the IMF or the World Bank.
“The answer to our problems doesn’t lie in Washington. It lies right here in Ghana”.
Regarding the free fall of the cedi, Dr. Kwakye called for urgent interventions to slow down its depreciation.
“Urgent interventions are needed to stop the hemorrhaging of the cedi”.
Latest Stories
-
Mahama urges Africa to harness continental free trade opportunities
8 minutes -
Why Afenyo-Markin must step aside as Minority Leader
23 minutes -
USA branch of NPP donates to Patriotic Institute to Support training programmes
25 minutes -
Canada and France to open Greenland consulates after Trump demands
29 minutes -
GMTF engages Defence Ministry and Armed Forces on plans for comprehensive cancer facility
36 minutes -
Mahama champions African women’s economic empowerment
36 minutes -
Mahama urges Ghana and Zambia to transform historic ties into trade deals
50 minutes -
Work to meet timelines or have your contracts abrogated – Volta Parliamentary Caucus warns
53 minutes -
Government and World Bank intensify push to boost local rice production
56 minutes -
Get the policy document and make recommendations – NDC MP responds to Minority criticism of 24-hour economy bill
1 hour -
Erratic power supply triggers acute water shortage in parts of Kumasi
1 hour -
24-hour economy framework has major issues – Dr Amoah on Minority’s opposition
1 hour -
Cybersecurity Threats in Ghana: A Comprehensive Analysis
2 hours -
Korle Lagoon Smart City Project to kick off soon as committee meets – MCE
2 hours -
24-hour economy unnecessary – Minority opposes secretariat bill
2 hours