madimage

Connect with us

Hi, what are you looking for?

Politics

Ghana’s economic crisis: Sack Ofori-Atta, EMT without delay – Mahama

Mahama

Ghana’s economic crisis: Sack Ofori-Atta, EMT without delay – Mahama

Former President John Dramani Mahama has called on President Nana Addo Dankwa Akufo-Addo to show Finance Minister, Ken Ofori-Atta and Economic Management Team (EMT) led by his poor records vice Dr. Mahamudu Bawumia over abysmal performance in Ghana’s history.

Mr Mahama also wants the ruling government’s cabinet reshuffled to bring on “fresh minds”.

According to the former President, the Finance Minister has not performed according to expectations since assuming office in 2017.

Speaking at an event organised by the NDC in Accra, on Monday, 1 May 2022, dubbed:‘Ghana at a crossroads,’ Mr Mahama, noted that, the Finance Minister and the country’s Economic Management Team (EMT) have thrown Ghana into an economic crisis and brought hardship on the people.

He said: “It is inconceivable that the Minister of Finance still remains at post.

Mr Mahama therefore urged President Akufo-Addo to sack the Finance Minister “without delay.”

He also criticised Vice-President Mahamudu Bawumia, who heads the EMT, for leading the team to plunge the country into debt despite holding himself out as a self-styled economic messiah.

“Ghana’s economy ranks among the worst managed in the world. It is characterised by unsustainable public debt due to an unprecedented fiscal deficit, comparatively high and still rising inflation, a rapidly depreciating currency, spiralling cost of doing business, ever-rising cost of living, high level of corruption, abuse of civil and human liberties, and a general loss of investor confidence.”

“Having supervised the worst public debt build-up, debt to GDP ratio, and the worst crisis in the world, ever-rising inflation, unprecedented crisis, the current head of the economic management team [Dr. Bawumia] has clearly fallen from his ivory tower as a self-styled economic messiah to a poster boy and his leadership or the EMT is no longer tenable,” Mr Mahama stated.

The former Ghaianan Leader has also accused the Finance Minister Ken Ofori-Atta of benefitting from borrowing, increasing Ghana’s public debt stock to unmanageable proportions.

Mahama

There is a good reason why you should support the African Editors. Not everyone can afford to pay for news right now. That is why we keep our journalism open for everyone to read, including in Ghana. If this is you, please continue to read for free. But if you are able to, then there are three good reasons to support us today.

1. Our quality, journalism is a scrutinising force at a time when the rich and powerful are getting away with more and more.

2. We are independent and have no billionaire owner pulling the strings, so your money directly powers our reporting.

3. It doesn’t cost much, and takes less time than it took to read this message.

Help power the African Editors' journalism for the years to come, whether with a small sum or a larger one. If you can, please support us on a monthly basis from just 1 Ghana Cedi through mobile money number: 0599896099/ +23359989609 and you can be rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.

Click to comment

Leave a Reply

You May Also Like

Video

Kagame Tells Europe that Africa Doesn’t Need Adult Supervision but Fair Trade.    There is a good reason why you should support the African...

Video

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos.

Health

Neglected tropical diseases rising in E/R- GHS Eastern Regional Health Directorate says there is disturbing increase in cases of neglected tropical Diseases in the...

News

Daasebre Oti Boateng introduces Root-Based Model to Akufo-Addo, Bawumia, commends them for 2021 Census & Covid-19 fight Omanhene of New Juaben, Chancellor of All...

Copyright © 2023, Africaneditors.com Ltd was developed by Wordswar Technology & Investment, Inc. Contact us on +233246187160

%d bloggers like this: