{"id":9034,"date":"2022-11-01T17:08:07","date_gmt":"2022-11-01T17:08:07","guid":{"rendered":"https:\/\/expressnewsghana.com\/?p=9034"},"modified":"2022-11-01T17:08:07","modified_gmt":"2022-11-01T17:08:07","slug":"prez-akufo-addo-has-mess-up-our-bright-future-minority","status":"publish","type":"post","link":"https:\/\/expressnewsghana.com\/?p=9034","title":{"rendered":"Prez Akufo-Addo has Mess up Our Bright Future-Minority"},"content":{"rendered":"<p><strong>The Minority caucus in parliament has berated President Nana Addo Dankwa Akufo Addo for messing up the country with economic difficulties.<\/strong><\/p>\n<p>They said, the President&#8217;s comment that Ghana\u2019s debt-to-GDP ratio will improve to 55% of GDP by the year 2028, indicates that he is short of ideas to solve the problems and wonder if he would around by 2028 to solve them.<\/p>\n<p>Minority Leader, Hon Haruna Iddrisu made the comment at a press briefing in parliament on Tuesday, November 1, 2022.<\/p>\n<p>The President, he said, cannot wish away the mess he has created and queried, \u201cWhere will you be in 2028?<\/p>\n<p>According to him, instead of wishing away the economic difficulties, President Akufo-Addo should rather accept responsibility for the wretched economy, which he failed to do when he addressed the nation on Sunday.<\/p>\n<p>The Minority leader said the current state of the economy has dire consequences on livelihood as it has exacerbated poverty and pushed the cost of living and doing business very high.<\/p>\n<p>He argued that while attempting to appear generous by admitting that Ghana\u2019s borrowing has been the highest in the last 50 years, President Akufo-Addo should also have added that he has borrowed more than any other President in the last 50 years.<\/p>\n<p>He stated everything is wrong with the NPP government\u2019s borrowing contrary to what some World Bank officials are saying and stressed, \u201cBorrowing is a policy. You decide to borrow, decide how much to borrow and where to direct the borrowing as an investment.\u201d<\/p>\n<p>\u201cIf you now borrow to the level of debt distress; to the level of unsustainable debt; and to the level of now talking about ratio of 105% of GDP as debt level\u2026 and he the President of the Republic says he hopes Ghana\u2019s debt to GDP will improve to 55% of GDP by 2028.\u201d<\/p>\n<p>\u201cWe ask the question, where will he be? Even though we are not convinced that he can even manage this with any superior strategy as was done by John Dramani Mahama and NDC.\u201d<\/p>\n<p>The Minority leader recalled that in 2017 the President in his first state of the nation address claimed GH\u00a2120 billion\u00a0was colossal in terms of the country\u2019s debt stock adding, \u201cSo to mark his words, GH\u00a2450 billion is not colossal.\u201d<\/p>\n<p>The Minority leader challenged the President\u2019s claim that there will be no \u2018haircut\u2019 on the investments and savings in the country&#8217;s debt management and sustainability efforts.<\/p>\n<p>He averred that regardless of what happens, there will be \u2018a barber\u2019 of a sort and stressed, \u201cIt could be a \u2018Sikan p\u025b dede haircut\u2019 to wit \u2018money does not like noise haircut.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Minority caucus in parliament has berated President Nana Addo Dankwa Akufo Addo for messing up the country with economic difficulties. They said, the President&#8217;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[2218],"class_list":["post-9034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-parliamentary","tag-minority-caucus-president"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Prez Akufo-Addo has Mess up Our Bright Future-Minority - Express News Ghana<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/expressnewsghana.com\/?p=9034\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prez Akufo-Addo has Mess up Our Bright Future-Minority - Express News Ghana\" \/>\n<meta property=\"og:description\" content=\"The Minority caucus in parliament has berated President Nana Addo Dankwa Akufo Addo for messing up the country with economic difficulties. 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