The National Communications Officer of the National Democratic Congress (NDC , Sammy Gyamfi has said Ghana’s economy has collapsed.
He referred to a comment made by the Finance Minister Ken Ofori-Atta to the effect that it will be disastrous if the proposed E-levy in the 2022 budget statement is not approved by Parliament, and also the downgrade of the economy by Fitch Ratings, to support his point.
Mr Ofori-Atta, at the government’s Town-Hall meeting to discuss the E-levy on Thursday, 27 January 2022, said, “When we were in the IMF programme, we couldn’t pay for nurses and teachers,” he said; “we couldn’t hire any more because there were restrictions on that. I mean, it’s just really thinking you can go back to Egypt.”
“In a way, we have forgotten how difficult and tenacious that master from Washington was.”
“So, we can deal with them for them to give us advice but we need not ever get into an IMF programme [again]. If we don’t do this E-levy, we’re just pushing ourselves in a way that would potentially end up in such a disaster,” Ofori-Atta said.
Fitch Ratings has also downgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’. The Outlook is Negative.
Speaking on this development on TV3, Sammy Gyamfi said “You cannot but agree with fitch and the other international financial agencies who have all downgraded Ghana relative to our economy , our economic outlook.
“You cannot but agree with them that our economy is in shambles , our economy is in tatters , our economy has collapsed in fact as we speak we don’t have an economy . The Finance Minister agrees with me because few weeks you heard him say that without the passage of the E-levy our economy will collapse .
“If you have an economy that, according to the Finance Minister is billed to collapse , should a policy that can only bring in some 6.9billion is not approved then it means the economy has has already collapsed.”
Source: 3news.com
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Hahahaaaa, this is no news. The NDC had to run to the IMF for a bailout because the same economy collapsed under their watch, so if the NPP has collapsed the economy, it's history repeating itself.
Even at your paymaster's time, Ghana's economy didn't collapse. Evil people (NDC)!
Your 4 -year dumsor era did not collapse the economy, did it?
THE EVIL THIS GUY WISHES FOR GHANA WILL ALWAYS FOLLOW HIM!
WHEN DID NDC BECAME MANAGERS OF THE ECONOMY IF THE GAVE GHANA AND GHANAIANS TO IMF TO MANAGE IT. SIGNED TAKE OR PAY POWER SECTOR AGREEMENTS, DOUBLE SALARY TAKERS, BUS BRANDING LOOTERS, WAYOMY LOOTERS, SOLD OLD 120 RAIL CARS FOR SCRAP WHICH COULD BEEN REPAIRE BY SWAME MAGAZANE FOR $50,000 DOLLARS. BRANDNEW OF THESE RAIL CARS COST 500,000 DOLLARS WHICH NPP CURRENTLY HAS FIXED 10 RAIL CARS BY SWAME MAGAZANE FOR 50,000 DOLLARS SUCH A DISPICABLE ART OF LOOT AND WASTE BY NDC ***barred word*** LOOSERS ECONOMIC MISMANAGEMENT.The Vice President, Dr Mahamudu Bawumia, in 1987 obtained a first class degree in economics from the University of Buckingham, the only independent university with a Royal Charter.
If I were the Npp I will mess up everything like they the NDC did so that we see if within 4 years they can make ghana like Germany or the United States. After all.. Ghanaians are very hypocrites 🙄... thats their which so give to them and let's see if magic man Mahama can do anything
Where has this small boy being hiding? That is your wish which will never happen. Ghana;'s economy will never collapse. Tell your NDC colleagues who took double salary to return their loot to the state.
This Sammy Gyamfi guy like sensationalism. Everybody knows that most economies around the world are facing challenges due to COVID 19 and Ghana is no exception. Listen, Ghana will not collapse and will bounce back. Desperate for power but you will not get it because we know that you and your leader JM cannot simply do it. Not up to the task.