Start national dialogue to fix junk economy -Mahama to Akufo-Addo
Former President John Mahama has renewed calls for President Akufo-Addo to immediately start a national dialogue on how to fix Ghana’s economic crisis. According to him, the president must eschew arrogance and quickly gather experts for the economic recovery. According to Mahama, President Akufo-Addo is racing against to organise a national gathering that will proffer remedy to tackle Ghana’s current junk economic status.
International rating agencies such Fitch, S&P Global, Bloomberg others downgraded Ghana to CC/junk status.
The former Ghanaian Leader, Mahama revealed about $2billion has been withdrawn from the Ghanaian economy by multinationals and investors due to lack of confidence. Apart from that, entrepreneurs and businesses are suffering, with the pharmaceutical industry threatening to re-introduce the cash-and-carry system.
Speaking on the state of Ghana’s economy, the former Ghanaian Leader John Mahama urged President Akufo-Addo to seek multinational supports and convey a national dialogue. According to him, experts must be assembled to work on the overall agenda of economic recovery.
“Backroom consultations between government and opposition should have taken place. Akufo-Addo should convey national dialogue to solicit ideas to fix the economic crisis”, Mahama noted.
Apart from corruption and arrogance of power, John Mahama cited high rate of inflation, continuous depreciation of the cedi and unending hikes in fuel prices as making life unbearable for the Ghanaian.
John Mahama also wants Ghanaians to increase consumption of indigenous foods for foreign exchange.