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
-
Peru cracks down on illegal gold mining in Amazon reserve with military show of force
4 hours -
NPP polls: Makafui Woanya re-elected as Volta Regional Chairman
4 hours -
NPP polls: List of newly elected NPP regional chairmen
4 hours -
MTN launches Bright Scholars Alumni Network to harness opportunity
5 hours -
Akyem Abuakwa Traditional Council demands apology from Akyemansa DCE over chieftaincy interference
5 hours -
Rescuers search for survivors of powerful Indonesia earthquake
5 hours -
Ghana Prisons Service on manhunt for 29-year-old escapee
5 hours -
Researchers warn Ghana’s coastal erosion could worsen
5 hours -
Morocco detains dozens of migrants trying to cross into Ceuta, reports say
5 hours -
AKSA power deal: Dafeamekpor says Ghana must confront its accountability deficit
6 hours -
AKSA power deal: Baffour Awuah says alleged bribery exposes serious failures in Ghana’s systems
6 hours -
Algeria claim first-ever podium finish after penalty shootout win over hosts Morocco
7 hours -
NPP struggled even in traditional strongholds in 2024 – Annoh-Dompreh
7 hours -
NPP must elect strong parliamentary candidates to reclaim Greater Accra seats – Patrick Boamah
7 hours -
Abdul Rahman retains Upper West NPP chairmanship despite Nandom protest
7 hours