Some MPs belonging to the majority caucus in Parliament have called on President Akuafo-Addo to remove the finance minister Ken Ofori-Atta and the minister of state at the Ministry of Finance, Charles Adu-Boahen from office in order to save Ghana’s economy and current economic hardships.
The leader of the group, Andy Appiah-Kubi who is the MP for Asante Akyem north at a press briefing in Parliament earlier today said if President Akufo-Addo fails to comply with their demands, they would not participate in all government business in the House and would also boycott the 2023 annual budget which would soon be presented in Parliament.
Ghana is currently having a tough time with its economy as there seems to be no end in sight for its challenges while the debt stock has hit unsustainable levels.
At the moment, Ghana’s inflation has skyrocketed to 37.2% in September 2022, the highest in the last 21 years.
The cedi has also lost value to major trading currencies, especially the dollar, in the last ten months and currently trading at almost GHc14 to a dollar.
Fuel prices have also crossed the GHc15 per litre mark, compelling transport operators to threaten to increase fares by 40%.