President Nana Addo Dankwa Akufo-Addo Monday assured the international community that Ghana’s economy is headed towards recovery.
He claimed that the government’s ‘bold measures’ had produced notable economic advancement, and the tenacity of the Ghanaian people in the face of recent global challenges, had placed the country’s economy on the recovery process.
“In the face of these adversities, Ghana has shown remarkable resilience. We have embarked on a comprehensive strategy to revive our economy, and I am pleased to note that our efforts are bearing fruit,” he said during a ceremony to present credence letters to nine new envoys at the Jubilee House, Accra.
The Daily Searchlight continues to be appalled by President Akufo-Addo’s complete dissociation with the reality of Ghana’s dire economic situation. We continue to be flabbergasted by the President’s inability to look at the reality facing Ghanaians, and his constant and consistent escape into rhetoric and bombast.
It is generally acknowledged that Ghana’s currency, the Ghana Cedi, remains on an unprecedented fast track of depreciation, with no hope in sight.
It is also generally acknowledged that the nation remains a net borrower of all its consumables, most notably food. The President himself acknowledged this when he recently stated that Ghana was going to Ukraine to import grain.
The prices of goods and services on the Ghanaian market continue to sky rocket, and recent data released by the Ghana Statistical Service suggests that as many as eight million Ghanaians are battling with starvation and poor nutrition.
In the face of all these malaise, the government recently subjected bond-holders and pensioners to a cut on dividends that led to heart attacks and massive wailing and screaming.
Government, indeed, has not done anything to suggest that there is any hope at the end of the tunnel. With less than six months to the next election, many leading members of this administration say in private that things look dire.
We believe that the President will do himself and Ghanaians a favour by stating the facts as they are, and offering realistic solutions, instead of constantly claiming that things are improving.
His own Statistical Service, says that millions of Ghanaians are starving. This is not the time for hype.
