The Vice President, Dr. Mahamudu Bawumia, will speak on the Ghanaian economy in April, his spokesperson, Dr. Gideon Boako has said.
Following worsening effects on the Ghanaian economy, including price hikes on fuel and basic commodities and depreciation of the Cedi, there have been calls on the Vice President to address the issues publicly.
“The Vice President, Dr. Mahamudu Bawumia, will speak next month, in April 7, 2022, also at a platform somewhere in Cape Coast, for you to see that the Government has rolled out a plan to deal with the issues,” he said.
A multiplicity of factors, including the Covid-19 pandemic and Russia’s invasion of Ukraine, have largely contributed to economic meltdown across the globe, and many have called on the Vice President, Dr. Bawumia, who is also the leader of the Economic Management Team to publicly address how these factors have impacted the Ghanaian economy, as well as measures the government has taken to address the situation.
Prior to the outbreak of the coronavirus pandemic in 2020, the Ghana economy was on the rise with positive indicators, earning positive ratings from global economic watchers.
But the situation became different when COVID-19 set in with Fitch rating Ghana’s economy as B-.
However, critics of the Vice President, especially members of the opposition NDC, have incessantly demanded that the Vice President breaks his silence on the worsening economic conditions in the country.
Dr. Boako had earlier rejected claims that Dr. Bawumia was shying away from commenting on the current challenges plaguing the economy, particularly the depreciation of the cedi against the US dollar.
Source: ghanaweb.com
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The waste in the system has reveal everything about us as Ghanaians .The behavior of political parties in handling money is the same . At the top they share some monies which are given to party members in' ghana must go' that means does not go through banks .Cars and fuel is one of the waste ,Some change cars every year at the expenses of the country .Gov waste money by abandoning projects of opposite party .Gov waste money on not planning, in that one project being destroyed ,rebuilt again and again .Most public sector do not work for profit .The monies paid to this areas half is diverted to people's pocket . Some Project monies are also diverted and presenting shallow projects. People in gov take project which is registered under company created by them ,take project and give it to another contractor . In the public sector useful man hours is not monitored ,some perform nothing and they are paid every month .Instead of the gov focusing on production where money is generated rather gov is employing more on the service sector. A lot of our monies is sent outside by foreigners .It is SAD how people in gov fight against firms that belong to the Ghanaians, and very SAD how we promote the products of the foreigners .They are giving tax waver and with this some gov officials help them to renew them after the time has elapse .From other countries one is restricted to send some amount home or to the various countries but Ghana...Our leaders are selfish therefore selfishness is affecting everyone ..
The ***barred word*** are now trying to use Cape Coast as their damage control ground. When the economy go bad, central region is where they come, but when it is good they know Abuakwa. Come, we are waiting for you! We haven't forgotten our airport.