Audio By Carbonatix
The Minority Leader, Dr. Cassiel Ato Forson, has reiterated his concerns about the state of Ghana's economy, asserting that it continues to suffer significant challenges.
According to him, despite efforts by the government to stabilise the situation, the economy remains in a fragile state, with key sectors struggling to recover.
Dr. Forson’s remarks come at a time when the nation is grappling with a depreciating currency, and mounting debt levels.
The Minority Leader has been vocal in his criticism of the government's economic policies, arguing that they have failed to address the country's underlying issues.
He pointed out that many Ghanaians are still experiencing financial hardships, with rising costs of living and unemployment exacerbating the situation.
Read also: NPP is a monumental failure - Ato Forson
In his view, the current administration has not done enough to provide relief to ordinary citizens, who are bearing the brunt of the economic downturn.
Furthermore, Dr. Forson expressed concern about the government's borrowing practices, which he believes are unsustainable in the long term.
He warned that the continued reliance on loans to finance budget deficits and other expenditures could lead to a debt crisis, further plunging the economy into distress.
Dr. Forson urged the government to adopt more prudent fiscal policies and focus on creating an enabling environment for economic growth and job creation.
"Ghana’s economy is still bleeding, cost of living continues to be high, and Ghanaians can simply not make ends meet."
"These are the real bread and butter issues that should concern any serious government and not the giveaway of much-needed tax revenue. As we speak, COCOBOD has been shut out from borrowing from international banks."
"International banks are running away from Ghana COCOBOD and the cocoa sector is on its knees," he stated.
Latest Stories
-
Ministry of Gender investigates alleged sharing of intimate videos by foreign national
43 minutes -
Cocoa must be treated as business, not politics- Nana Aduna II
49 minutes -
Barker-Vormawor urges scrutiny of COCOBOD reforms, warns of continued debt burden
56 minutes -
Prince Adu-Owusu: Beyond flowers and grand gestures — How do you want to be loved?
1 hour -
Multiple vehicles burnt as fuel tanker explodes on Nsawam-Accra highway
1 hour -
Former COCOBOD administration spent syndicated loans on themselves, not farmers – Inusah Fuseini
2 hours -
Mahama vows to end export of raw mineral ores by 2030, shifts focus to local processing
2 hours -
Mahama meets UN Chief, discusses African security & democracy.
2 hours -
Livestream: Newsfile discusses cocoa crisis, galamsey complexity and election credibility in Ghana
2 hours -
Ghana stops cocoa Smuggling by narrowing price gap with neighbours – COCOBOD CEO
2 hours -
COCOBOD CEO admits pricing gap is costing Ghana cocoa sales
3 hours -
Solomon Owusu blames NPP for cocoa crisis, backs government’s new reform agenda
3 hours -
‘Behind The Lens with Queen Liz’ explores the true meaning of Valentine’s Day, Love, Lust or Legacy?
4 hours -
‘I wanted to be an architect but ended up as a nurse’ – Diana Hamilton reveals
5 hours -
From wards to worship: Diana Hamilton reveals how nursing school shaped her destiny
5 hours
