Audio By Carbonatix
An aspiring National Youth Organizer of the opposition New Patriotic Party (NPP), Samuel Awuku has expressed frustration about what he says is the deteriorating socio-economic conditions in the country.
He said despite government’s measures to stabilise the economy, the problem has grown from bad to worst.
Describing Ghana as a "sinking ship in toubled waters," the former Deputy Communications Director of the NPP exclaimed “I’m frustrated at the current economic situation; businessmen are choking to death and government seem to be oblivious of this fact”
He was reacting to measures introduced by the Bank of Ghana to halt the depreciation of the cedi against major currencies.
The Central Bank among other things announced that cash withdrawals over the counter shall only be permitted for travel purposes outside Ghana and shall not exceed $10,000.00 or its equivalent in convertible foreign currency, per person.
It also directed that for travel purposes, withdrawals out of foreign currency accounts over the counter will be paid in cedis at the existing exchange rate.
But speaking on Asempa FM’s Ekosii Sen programme Friday, Sammy Awuku questioned the feasibility of the BoG measures to shore up the cedi.
According to him, businessmen and women require more that $10,000.00 to travel outside the country therefore the directive will only promote trade in the black market.
The aspiring National Youth Organizer likened Ghana to a psychiatric patient because “ there is no sense of direction; we have lost our sense of reasoning when it comes to issues of economy”.
The strident critic of the Mahama-led administration described as ‘sickening’ government’s continuous use of propaganda when Ghana is ranked among the league of poor performing countries in the world.
“I knew President Mahama will be a failure but not the disaster we are witnessing now” he stated.
Latest Stories
-
RCI Immanuel Temple donates supplies to Motherly Love Orphanage
12 minutes -
COCOBOD asks investors to fund cocoa purchases, but proceeds may also repay old debt
35 minutes -
Gov’t hands over site for construction of 160-bed Savannah Regional Hospital
42 minutes -
NCPTA clarifies GH¢200 cap on PTA dues and levies per parent
46 minutes -
Asante Kotoko part ways with coach Eric Tinkler
48 minutes -
GTA calls for ultra-modern Cocoa Museum in Western North
51 minutes -
NPP says concerns over delegates’ register addressed ahead of October 3 polls
51 minutes -
PwC Ghana appoints George Arhin as Country Senior Partner
56 minutes -
New Economy will turn imports into opportunities for Ghanaian production – Ato Forson
56 minutes -
Two Ada SHS students convicted, placed on 12-month good behaviour bond
60 minutes -
Samson’s Take: Verify the badge – and verify the story
1 hour -
Treasury bill demand rebounds as investors submit GH¢3.66bn in bids
1 hour -
Listing 10 SOEs will strengthen governance, limit political interference – Mahama
1 hour -
Mahama announces 1,200MW state-owned gas power plant deal by end of 2026
1 hour -
COCOBOD sets up Cocoa Capital PLC to raise GH¢16.3bn for cocoa sector
1 hour