Former President John Dramani Mahama says the nation is currently in an economic crisis.
A crisis, he believes cannot be blamed on the covid-19 pandemic but rather what he refers to as a “reckless economic management” supervised by the NPP government since 2017.
Mr. Mahama on Monday joined the NDC’s Professionals Forum lecture series on the topic “The State of Ghana’s Economy-The Score card”. The lecture was delivered by former Finance Minister Seth Terkper.
Mr. Terkper during his presentation argued that the NDC administration left a stable economy with multiple streams of income and not an economy in a bad state.
Mr. Mahama who addressed the gathering after Mr. Terkper launched a scathing attack on governments handling of the economy. He insisted that government now relies on covid-19 which he says is the whipping boy blamed for the current state of the economy. He insisted that just like covid-19 deals seriously with persons with underlying conditions, it’s impact has been devastation because of the bad economic management.
He continued that Ghana’s Debt has ballooned to unsustainable levels forcing government to use tax revenues to service debts. Government, he said had neglected calls by people like himself to hold a forum to seek alternate views on how to save the economy from collapse.
Mr. Mahama alleged that the nation is currently experiencing unprecedented levels of corruption, a situation that can only be dealt with if this government is voted out to enable another hold appointees accountable.