Home Politics Ghana’s economy exceptionally weak – Kwesi Pratt reminds Bawumia

Ghana’s economy exceptionally weak – Kwesi Pratt reminds Bawumia [ARTICLE]


In accordance to him, the fundamentals of the country’s economic climate are weak.

His opinions appear just after Dr. Bawumia reminded former President John Mahama that the economic system he superintended amongst 2012 and 2016 was so fragile that he could not even mitigate and cushion people from an internally established challenge like dumsor.

The previous President claimed the economic system under the leadership of President Nana Addo Dankwa Akufo-Addo is weak and has been exposed in just a single thirty day period by the Coronavirus pandemic, which has affected various nations all-around the globe.

Kwesi Pratt with Nana Addo2

Kwesi Pratt with Nana Addo2

Talking to journalists at the Jubilee Property on the sideline of a COVID-19 conference, Dr. Bawumia wondered how Mahama whose administration and financial system could not manage dumsor for four many years would be earning comparisons with a world-wide pandemic like the Coronavirus.

“If you want to exam the robustness of an overall economy, you examination it in a time of disaster. Thankfully, we have had two crises. Underneath the NDC, it was an internally-created crisis, which was dumsor. Below the Presidency of Nana Akufo-Addo, there has been an externally created crisis, which has been the world-wide Coronavirus pandemic.”

“I just want you to ask your self, how have these two crises been managed? The dumsor disaster which crippled this economy for 4 yrs. What were the mitigating measures available to organizations and individuals throughout the dumsor, an internally produced crisis?” the Vice President asked.

“We noticed that even throughout dumsor, energy prices have been staying improved, gas selling prices ended up currently being improved, instructor trainee allowances were being getting canceled, nursing trainee education allowances were becoming canceled. All of that was happening through that specific disaster,” he included.

Nonetheless, Kwesi Pratt talking on Accra-primarily based Peace FM reported anybody who will declare that the economic system is undertaking effectively is becoming deceptive.

Dr Mahamudu Bawumia

Dr Mahamudu Bawumia

He said that “the fundamentals of this economy are so weak that all these fights about we have the buoyant financial system and so on we should really cease it!!! mainly because the economic climate is exceptionally weak. If we really don’t alter the fundamentals, there will be dire repercussions”.

“We are no for a longer period in control of the economic climate it’s controlled from the metropolis of the colonial company that is the basic difficulty of the economic climate…unless of course we improve the fundamentals,” he mentioned.

He even further expressed shock above a analysis getting which indicated that 85 percent of goods in Ghana’s supermarkets are imported.

He insisted that “How can the financial system improve? How can you have a vibrant overall economy when virtually 90 per cent of merchandise in our supermarkets are imported…and so if any politician tells you that the financial state is vibrant he is a liar since this financial state is not in the ideal of shapes.”

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