President of IMANI Africa, Franklin Cudjoe, has slammed President Nana Addo Dankwa Akufo-Addo’s claims of reviving the Ghanaian economy, accusing the administration of “forcibly pickpocketing” citizens’ savings.
Franklin Cudjoe in a statement to ostensibly respond to the Akuffo-Addo’s claims, highlighted how the latter’s government engaged in a disastrousrrr economic management.
President Akufo-Addo during the presentation of credentials to nine newly appointed diplomats at the Jubilee House, on Monday June 24, 2024, reiterated his long-held view that he and his administration know how to revive the country’s economy in the aftermath of the Covid-19 pandemic.
“I told you we knew how to bring the economy back to life,” the president assured.
However, the IMANI Africa president vehemently challenged Akufo-Addo’s claims, questioning the sustainability and cost of the government’s actions.
“Yes, but for how long and at what cost?” Mr. Cudjoe retorted, condemning the administration’s decision to seize citizens’ savings to buy time from external creditors and postpone repaying the country’s debts to its external creditors.
“Yes, but for how long and at what cost? You literally forcibly pickpocketed our savings after promising not to do so just so you could buy time from external creditors to postpone paying the humongous debts you contracted for mostly vanity projects until 2026 when you are no longer in power”
Drawing examples from the Kenyan President William Ruto, Mr. Cudjoe noted that no other leader, has invaded citizens’ savings as a result of wretched macroeconomic governance and ecological suicide through Galamsey, saying the under pressured Kenyan leader “just concluded paying $2 billion debt his predecessor left”
The IMANI Africa president went on to advise the Akufo-Addo administration to invest some of the nearly $4 billion in savings it has accumulated in only growth-multiplierswhile committing the rest in a sinking fund to support the next government “in case it is not Bawumia to breath a little from what has truly been a fiscally wreckless journey”
Mr. Cudjoe also warned that the upcoming International Monetary Fund (IMF) visit will be imminent unless the next government reduces overall expenditure by at least 40% and frees the private sector and individuals from what he described as “many vampire taxes and charges.”
“This alone will partially encourage real investment in many parts of Ghana so our young girls from the North wouldn’t have to flock to the the South to be head porters ( Kayayos) and cause opportunistic politicking in organising election ‘colleges’ for them to graduate in ‘short courses’ with unavailable demand for their produce due to the harsh economy” he concluded.
By: Bright Yao Dzakah | Metrotvonline.com | Ghana
