A national dialogue on the economy will serve us well-Mahama.

Former President John Dramani Mahama.

Former President John Dramani Mahama has called for a national dialogue on the economy to find solutions to the numerous economic challenges that faces the country. He said this on his Facebook wall, monitored by GHANA News ONLINE.

The call comes on the back of the recent credit downgrades of the country, by S&P and Fitch to CCC+ and CCC respectively.

“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.

“There appears to be no end to the problems with the Ghanaian economy, with the recent downgrade to CCC+/C Junk status.”

Mr. Mahama further added that, the sharp fall of the Ghana Cedi proves that, the 2022 mid-year budget review, failed to restore the confidence of the investor community and the Ghanaian populace.  

“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 economy.”

Facebook post below:

Source: ghananews.hrforum.uk