Ghana’s economy is in a near state of collapse – Mahama

Former President John Dramani Mahama has observed that Ghana’s economy is collapsing under the watch of President Nana Addo Dankwa Akufo-Addo.

He indicated that extreme inflation and price volatility have worsened poverty in parts of the country.

“Back from a trip to the Savanna, Northern and Upper West Regions – and poverty has worsened due to extreme inflation and price volatility.

“The economy is in a near state of collapse; clearly, the NDC has been a better manager of the economy!” the 2020 presidential candidate of the National Democratic Congress (NDC) tweeted on Thursday, January 19.

His comments come at a time the government is struggling to get its domestic debt exchange programme implemented due to the rejection from stakeholders.

The Finance Minister Ken Ofori-Atta held a meeting with Individual Bondholders on Wednesday, January 18 on the programme.

After the meeting, he said the members of the Individual Bondholders Forum had legitimate concerns against the inclusion of individual bondholders in the Debt Exchange.

He told journalists in Accra after a meeting that “they stated their concerns which are legitimate concerns of all Ghanaians.”

He further announced that a joint technical committee has been constituted by the Finance Minister, Ken Ofori-Atta, to look into concerns raised by individual bondholders ahead of the rollout of the Domestic Debt Exchange Programme.

Source: 3news.com

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