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
-
BOST ready for 24-Hour Economy rollout, assures gov’t of uninterrupted fuel supply
14 minutes -
IMF pushes government to privatise ECG operations amid energy sector crisis
20 minutes -
Adobea Biritwum: Building Africa’s AI in education
20 minutes -
IMF warns BoG gold scheme could weaken central bank balance sheet
25 minutes -
Solar power in Ghana: Is it time to make the switch?
28 minutes -
‎Savannah Council of State Member launches anti-drug campaign, commits GH₵100,000 to community development
30 minutes -
Nine people trapped after mining pit collapses at Konongo
33 minutes -
Government announces completion of IMF bailout programme
33 minutes -
IMF backs Ghana’s recovery but warns against reform reversals
35 minutes -
Korle Bu Allied Health staff demand creation of directorate and reinstatement of department head
36 minutes -
NDC petitioners demand review of Youth Organiser age limit
39 minutes -
Drake surprise drops three albums and mentions the Kendrick Lamar beef
41 minutes -
India’s Adanis agree to pay $18m to settle civil fraud case in the US
42 minutes -
Search for new James Bond officially kicks off as auditions begin
43 minutes -
Beckham becomes UK’s first billionaire sportsman
43 minutes