Politics
Mahama calls for national dialogue over government’s recent economic crisis
Former President John Dramani Mahama wants an immediate national dialogue to tackle Ghana’s worsening fiscal situation, leading to the country’s economic downgrade by international rating agencies.
He particularly blamed the Akufo-Addo government for doing too little to salvage the ailing economy and bring reprieve to suffering Ghanaians.
His comments come on the heels of Standard & Poor’s (S&P) recent downgrade of Ghana’s foreign and local credit ratings from B-B’ to CCC+C with a negative economic outlook.
According to S&P, the downgrade was due to intensifying financing and external pressures on the economy.
In a statement, John Mahama said, “there appears to be no end to the problems with the Ghanaian economy, with the recent downgrade to CCC+/C junk status”.
Mr. Mahama said the only remedy is for a consultative discussion among relevant stakeholders to reverse what has become a worrying trend.
“A national dialogue on the economy, bringing some of our best brains together, will serve us well, even as we prepare for debt restructuring and negotiation of an IMF programme.”
He said the unstable currency and the recent mid-year budget review, do not repose any confidence in the economy.
“The steep depreciation of the Ghana Cedi in recent days, clearly shows that the mid-year review of the 2022 budget failed to win back the confidence of the investor community and the Ghanaian public.”
“Unfortunately, no credible remedial plans have been put forward by the government to salvage the [ailing] economy”, John Mahama wrote on Facebook.
Before S&P’s downgrade, Fitch had already downgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-‘ from ‘B’ and handed it a negative outlook.
Moody’s Investors Service (Moody’s) also downgraded Ghana’s long-term issuer and senior unsecured debt ratings to Caa1 from B3 and changed the outlook to stable from negative.
The Finance Ministry has, already, expressed disappointment at the credit rating agency’s decision.
It says despite the impact of global external shocks on the economy, government has taken some proactive measures to revive the economy.
It said some key revenue and expenditure measures, including the 30% cut in discretionary expenditures, have been implemented.
Have confidence – Nana Addo appeals
But President Nana Addo Dankwa Akufo-Addo is confident Ghana’s economy will bounce back, despite recent challenges.
Nana Akufo-Addo said, although he admits times are difficult, the economic situation of the country will turn around shortly.
“Yes, the difficulties are there, and I want to minimize the difficulties that are affecting the lives of ordinary people in a very negative way. What I am saying to the people of Ghana is that, they should continue to have confidence,” the President said.
Source: citinewsroom.com
The Overlord of the Dagbon Traditional Area, Ya Naa Abubakari Mahama II, has asked the New Patriotic Party (NPP) flagbearer and Vice President Dr. Mahamudu Bawumia to run a clean and respectful campaign ahead of the 2024 general elections.
During a courtesy call with Dr Bawumia, Ya Naa Abubakari Mahama II emphasised the necessity of sustaining national unity and peace, whatever of party allegiance.
He reminded Dr Bawumia that his opponent, former President John Dramani Mahama, is also a Dagboni son with similar goals for the country’s growth.
“It’s a critical opportunity for us to demonstrate our maturity, competence, honesty, and commitment to Ghana’s progress,” Ya Naa Abubakari Mahama II said, adding, “You are my son, Dr. Bawumia, and your competitor, John Mahama, is also my son.” You’re both completely devoted to this election.”
The Overlord further emphasised that Dr Bawumia and Mr Mahama should see each other as siblings rather than adversaries.
“He is not your enemy or rival, but your elder brother,” Ya Naa Abubakari Mahama II said. “We have already won the elections as Northerners.” Whoever wins this trophy will return home.”
Vice President Dr Mahamudu Bawumia, the flagbearer of the New Patriotic Party (NPP), is clueless about handling the economy, according to Ningo Prampram Member of Parliament Samuel Nartey George.
Unlike Dr. Bawumia, Sam Goege stated that the National Democratic Congress (NDC) flagbearer, Former President John Dramani Mahama, is focused on how the economy would be managed.
“We have been inundated with questions of policy and policy initiatives. John Dramani Mahama has been outlining flagship policy initiatives over the past weeks in public engagements.
“The other one, Dr Mahamudu Bawumia has only one message – John Mahama! He is so pathetic and clueless in his engagements so far it explains to us all the reasons our economy under his leadership is in shambles. Bawumia is empty and spent.
“John Mahama has a clear vision and plan to #BuildTheGhanaWeWant. PS: I am open to a factual debate on the policies outlined so far. I’m uninterested in party bots seeking to earn their daily stipend,” he tweeted while reacting to the comment by Vice President Dr Bawumia to the effect that former President Mahama does not understand what it means to have a 24-hour economy.
According to Dr. Bawumia, hospitals, the Electricity Company of Ghana, the Ghana Water Company, petrol stations, and numerous chop bars are open 24 hours a day, seven days a week.
He urged Ghanaians to oppose Mr Mahama’s proposal.
Addressing a throng in Nalerigu on Monday, November 20 as part of his ‘Thank you’ trip after being chosen NPP flagbearer on November 4, Dr Bawumia remarked, “John Mahama says he has a new idea.” What is the concept? He claims to desire a 24-hour economy. He’s not even aware of the policy.
Today, our hospitals operate 24 hours a day, our power company operates 24 hours a day, our water company operates 24 hours a day, our gasoline stations operate 24 hours a day, and many chop bars operate 24 hours a day. Because of digitization, you may now transmit and receive money 24 hours a day, seven days a week… As a result, he doesn’t grasp his own policies. It makes no sense.
“So I want you to vote for me in 2024 because I will bring a new vision, I will bring a new policy. Mahama is the past, and Dr Bawumia is the future. If John Mahama was there, we would say we have a dumsor economy, you can’t have a 24-hour economy in dumsor. So, you want to vote for Dr Bawumia in 2024, we will take the country to new heights,” Dr Bawumia stated.
Mr Mahama stated that the 24-hour economy will provide work for all Ghanaians.
“The 24-hour economy I proposed is for jobs and more jobs,” the flagbearer of the National Democratic Congress (NDC) stressed.
He suggested the ’24hr Economy’ concept when he met with leaders from the country’s mother workers union on Tuesday, November 7, 2023, as part of his outreach to key stakeholders in his attempt to reclaim power.
The National Democratic Congress (NDC) flagbearer, John Dramani Mahama, wants the government to settle all arrears due to nursing trainees across the country as soon as possible.
According to John Mahama, such delays generate unneeded hardship for pupils.
Mr Mahama says the government must honour its pledge to pay nursing trainee allowances to students at the Krobo Nursing Training School in the Bono Region as part of his trip.
“Nana Akufo-Addo and Bawumia have stated that they will pay the allowances.” I ask you, Nana Addo and Bawumia, if you can hear me, we here at Krobo Nursing Training School, claim you haven’t paid their allowances for two years now.”
“Let the allowance come. Wherever you are, Krobo Nursing Trainees are begging you to let their allowance come,” John Mahama appealed.
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