President Nana Addo Dankwa Akufo-Addo has been ordered by North Tongu MP Samuel Okudzeto Ablakwa to apologize to Ghanaians for the country’s current economic problems.
The MP blamed the president for the current situation of the economy in an interview with Accra’s Asempa FM, which GhanaWeb was listening to.
“After taking office and proclaiming that I support large government, I appointed the most ministers in the history of this nation, I was fiscally irresponsible, I went on a borrowing binge where some of my appointees stood to benefit, I had conflicts of interest in that borrowing, and now the World Bank tells us that the debt to GDP ratio by the end of this year will be 104%.
“The President should have apologised to the people of Ghana for what we have been put through,” Ablakwa stated.
Commenting on the President’s admission to the country’s current economic crisis, the member of the foreign affairs committee in Parliament noted “it is the first time the President is acknowledging the level of the mess that we find ourselves in.”
Ghana’s economy is currently under pressure, which has resulted in an increase in the cost of living as well as what some have described as ‘galloping inflation.’
The country’s currency is also depreciating against the US dollar and other major trading currencies around the world.
The government hope in securing an IMF bailout to help boost the economy.