Ghana in worse economic crisis, needs people with experience to reset – Mahama
Published:
4 months ago
Source:
MyJoyOnline
Former President John Dramani Mahama says the accepted bread-and-butter crisis is the affliction in the history of Ghana, affirmation that "everything is crumbling beneath this government".
Speaking to the chiefs and bodies of the Zebilla constituency at Zebilla, the Civic Democratic Congress (NDC) 2024 acclamation Flagbearer, said the country bare an burning displace which appropriate an accomplished brace of easily to do so.
"Things were not absolute beneath my government, but at least, we were authoritative some progress…we accept gone through crises in the past, but I charge say that alike admitting we accept apparent adamantine times, this time is apparently the affliction crisis anytime experienced," he lamented.
The aloft President who is adventure the aboriginal appearance of his 2024 acclamation attack tours explained that the crisis was not bound to alone the abridgement but had continued to about all institutions, arty the burden on accessible people.
Excessive borrowing, accompanying with corruption of the abridgement arch to abrasion of the Cedi, he stated, has aloft Ghana's debt from GH₵120 billion in 2017 to GH₵750 billion in 2024, which appropriate the calm debt restructuring and alien abutment from the International Monetary Fund (IMF).
"For the aboriginal time in our history, this is back we accept overborrowed to the admeasurement that we acknowledge to the absolute apple that we are bankrupt. As I allege today, we are not application our debt because we told our creditors that we cannot pay.
"All the 17 times we accept been to the IMF, it was aloof to stabilise the economy, and it was never because we couldn't allow to pay our debt," he added.
The NDC Flag agent absolved the affirmation that the ailing abridgement was acquired by COVID-19 and the Russia-Ukraine war and added that the accepted government got GH₵22 billion from the IMF, the Apple Bank, and the Stabilisation Fund during the COVID, but mismanaged them.
He said best of the acceptable industries that brought the country adopted barter had been mismanaged by the accepted administration.
"The aftermost amber division afore I larboard office, we produced 967,000 metric tonnes of amber for consign and it brought $2 billion anon into the abridgement but today they are bearing aloof hardly aloft 400,000, so they cannot alike accession $800 actor to animate the economy.
"I accustomed two new oil wells (Sankofa and Ten fields) afore I larboard appointment and so back they came, we had an access in oil assembly but today our oil and gas assembly has beneath by 32 per cent", he added.
Mr Mahama explained that the accepted government had damaged every breadth of the abridgement through corruption and what he declared as "state capture" breadth alone a few bodies were benefiting from the civic block and said it was time for a change of easily to save the country from collapse.
The 24-hour bread-and-butter action of the NDC, he said will decidedly accord to animating the abridgement and actualize jobs for the youth.
"Eighty per cent of Ghanaians say Ghana is activity in the amiss direction. The time has appear to change advance and accelerate NPP packing. It is time for an experienced, safe brace of easily to booty over the country and about-face our fortunes around," he stressed.
Tags: John Mahama
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