Secretary General of the African, Caribbean and Pacific Group of States Dr. Mohammed Ibn Chambas says President John Mahama should consider revisiting policies employed by his predecessor, which made Ghana a shining example for the world.
Delivering a lecture Thursday July 24, 2014 to commemorate the second anniversary of the passing of former president John Evans Atta Mills, in Accra, Dr. Chambas emphasised the need for the president to cut down on the size of his government and introduce prudent policies leading to high performance.
The lecture was attended by government officials including vice president Kwesi Bekoe Amissah-Arthur, senior members and functionaries from the governing National Democratic Congress (NDC) as well as relatives of the late former president.
“Under the careful and watchful eyes of president Mills, macroeconomic fundamentals including inflation and the exchange rates were stabilized for the first time since the 1980s. Inflation came down to 8.4% in 2010 from a high of 18% .1 % in 2008.
“This is indicative of prudent fiscal monetary and other austerity policy measures that characterized his presidency to put the economy in healthy shape. In 2011 Ghana set yet another record being the fastest growing economy in the world…according to the IMF”.
The economy is said to be in a state of depression as the value of the local currency, Ghana cedi, continues to slump against major international trading currencies coupled with increases in utilities.
On Thursday, organized labour staged a nationwide demonstration to vent their frustration and to demand immediate action from government in fixing the economic challenges.
The former Executive Secretary of the Economic Community of West African States (ECOWAS) therefore advised president Mahama to reflect on some of these policies in order to address current economic challenges facing the nation.
He said recent reports of some 200 Ghanaian soccer fans who attempted to seek refugee status in Brazil, is indicative of the fact that all was not well with the economy.
“…It is important that the president revisits the tested blue prints of success employed by Prof. [John Atta Mills] in particular the need for a leaner and performing government and prudent fiscal policies”.
Prof. John Evans Atta Mills died on Tuesday July 24, 2012 at the 37 Military Hospital following a "massive stroke". He is the first Ghanaian Head of State to have died in office.