Audio By Carbonatix
A stalwart of the New Patriotic Party (NPP) has asked government to own up to its responsibility for the current economic crisis.
Dr. Arthur Kennedy said government cannot continue to blame the economic woes on the twin problems of Russia-Ukraine war and the Covid-19 pandemic.
He explained that although these two occurrences contributed to the country’s economic downfall, government must come clean for its failure to effectively manage the economy.
“I think that this whole thing started on a wrong foot. I think that the talk that Covid and the Ukraine war is responsible for the problems we are having, it is true to some extent, but it will help if the government were to say we had good intentions, we did our best, we thought these things will work but some of the things we said were going to work have not worked so we share some of the responsibilities for where we are,” he said on Newsfile, Saturday.
“When you do that then people’s minds and hearts will be opened,” he added.
Reacting to the government’s IMF economic programme, he called for a national consensus rather than any partisan stance.
“It is important to build a national consensus around this programme so that all of us will support it even when government’s change.”
Government is expected to reach a staff-level agreement with the International Monetary Fund by Tuesday, December 13, 2022.
A Staff-Level agreement will pave way for the Board of the Fund to negotiate and probably approve a programme for the country.
The government also begun restructuring the country’s debt from Monday December 5, 2022, a major step in reaching a deal with the IMF to start a programme. The Debt Exchange Programme started with domestic debt.
Latest Stories
-
MTN Ghana webinar urges SMEs to get financial discipline right
26 minutes -
Duvor Klu, Hua crowned champions as J30 Accra Week 1 concludes
39 minutes -
Gov’t to make rural telephony services cheaper by first quarter of 2027 – Sam George
1 hour -
National Chief Imam remains Ghana’s strongest symbol of interfaith harmony – Mahama Ayariga
1 hour -
Gov’t to upgrade all rural telephony networks to 4G capability – Sam George
2 hours -
‘We’ve never seen a CJ in our judiciary system who is everywhere like MTN’ – Janet Nabla
2 hours -
Lawyers, prosecutors fume over abandoned 26-year-old Upper West High court project
2 hours -
At least two dead in blast at Bolivia military barracks
2 hours -
Tate brothers officially indicted with trafficking and sex crimes in Romania
2 hours -
US envoys arrive in Moscow ahead of Ukraine talks
2 hours -
Health Minister to brief media on Free Primary Healthcare programme on Monday
3 hours -
‘It was inappropriate to make that comparison’ – Dr Pumpuni Asante on CJ’s SOE comment
3 hours -
Photos: Final-day shopping continues at Joy FM Back-to-School Discount Fair
3 hours -
Darkey and Frimpong set up J30 Accra boys’ doubles final
3 hours -
When war takes more than territory: The human cost of conflict
3 hours