Economic difficulties unbearable – Mahama
Economic difficulties in the country are unbearable, former President John Dramani Mahama has bemoaned.
Mr Mahama says cost of living has increased significantly making life difficult for the ordinary Ghanaian.
Speaking at the grand durbar to mark the climax of the Asogli Yam Festival in Ho,in the Volta region over the weekend, the former President while blaming the Akufo-Addo-led administration for the current hardships said the government has equally lost corruption fight.
“The NPP government has completely lost control of the fight against corruption. President Akufo-Addo in his inaugural address promised to protect the purse. Today, that public purse cannot be found. Revelations in the Auditor General report for 2021 are only a microcosm of the seeming institutionalization of corruption under this administration,” he lamented.
He pointed out, “I am using this festival to draw attention to this important national issue that requires the support of all citizens. Economic difficulties in the country are unbearable. Cost of living has increased significantly because of rising inflation. Prices are changing in the market every day, and this makes it difficult for the ordinary Ghanaian to survive.”
Meanwhile, the government says the inherited banking sector crisis, which caused it to use GHS25 billion to clean up the sector, coupled with the payment of GHS17 billion for excess energy capacity – another inherited liability from the Mahama administration, the Russia-Ukraine war and Covid-19 are the reasons for the current difficulties.
These according to Vice President Dr Mahamudu Bawumia are the reasons the government has resorted to the International Monetary Fund for a bailout.
Trending News
Debt restructuring: No MoU reached with bilateral creditors – IMF
08:19Ghana-Vietnam deepen relations
07:58Lagos officials praise Jospong Group’s eco-friendly waste management module, eyes similar module
12:57Crusaders Against Corruption-Ghana denies joining Alan’s Alliance for Revolutionary Change
07:52Akufo-Addo and Ouattara inaugurate Côte d'Ivoire-Ghana Cocoa Initiative Secretariat today
07:45'It's no crime' – Abu Sakara defends Alan's NPP exit
12:52TEWU elects 1st female national chairperson
10:32Akufo-Addo commissions Kumasi Thermal Power Plant and Genser Energy Kumasi Pipeline
06:27Lands Minister gives FGR deadline to revamp its mining operations; assures workers of commitment to their welfare
17:22Ashanti ECG workers go red, ban managers from security meetings over GM's arrest
12:09