Former Member of parliament for Tempane, Joseph Dindiok Kpemka, said President Akufo-Addo has always been candid with Ghanaians on the state of the economy.
He said at no point has the president failed to admit that Ghana is going through economic challenges due to global factors.
Contributing as a panelist on TV3 weekend show, the former lawmaker said, the president has been open about the economy and believe he has the capabilities to better the economic conditions of Ghanaians.
In his view, creating an impression that Mr Akufo-Addo only admitted the economic crisis in his public address last Sunday October 30, will be misleading.
“The President has always admitted that Ghana is facing challenges,” he said.
“I am not aware of any tape of the president saying milk and honey are flowing in Ghana, if you have that tape play it,” he stressed.
He further indicated that it is fact that the Covid as well as the Russia-Ukraine conflicts have negatively impacted Ghana’s economy.
“It will be an act of pretense to say Covid crisis, and the Russia-Ukraine crisis have not impacted the economy,” he said.
However, a Political Scientist Dr Smart Sarpong has told President Nana Addo Dankwa Akufo-Addo to take complete responsibility for the economic challenges in Ghana and resolve them.
“Take complete responsibility and help save the situation,” he said on the Key Points on TV3 Saturday November 5.
Adding that the president cannot absolve himself from the situation because he did not create it and Ghanaians deserve better.
“You can’t say you didn’t cause the problems so you wont act…we are getting to a point where almost everybody is feeling the challenges.”
The President on Sunday October 30 admitted to the state of the economy indicating that the country is in crisis.
President Akufo-Addo, after admitting the economic crisis, outlined measures to deal with the problems such as bring stability to the forex market.
“The following actions have been taken thus far: enhanced supervisory action by the Bank of Ghana in the forex bureau markets and the black market to flush out illegal operators, as well as ensuring that those permitted to operate legally abide by the market rules.”
“Already some forex bureaus have had their licenses revoked, and this exercise will continue until complete order is restored in the sector,” he said.
The other measures are “Fresh inflows of dollars are providing liquidity to the foreign exchange market, and addressing the pipeline demand;
“The Bank of Ghana has given its full commitment to the commercial banks to provide liquidity to ensure the wheels of the economy continue to run in a stabilized manner, till the IMF Programme kicks in and the financing assurances expected from other partners also come in;
“Government is working with the Bank of Ghana and the oil producing and mining companies to introduce a new legal and regulatory framework to ensure that all foreign exchange earned from operations in Ghana are, initially, paid to banks domiciled in Ghana.”
Source: theGhanaianvoice.com
