Former President John Dramani Mahama, has said poverty has worsened in the country under the leadership of President Nana Akufo-Addo, following his visit to the Savanna, Northern and Upper West Regions.
It is not clear, what Mr Mahama saw and heard during his visit to these three regions, but he concluded in a Facebook post that poverty has worsened due to extreme inflation and price volatility.
In his view, the NDC which he led as flagbearer in the 2016 and 2020 elections, has been a better manager of the economy.
Meanwhile, the government has admitted that Ghana’s economy is in “great difficulty”.
In his address to the nation on the economy on Sunday, October 30, 2022, President Akufo-Addo, said “The budget drawn for the 2022 fiscal year has been thrown out of gear, disrupting our balance of payments and debt sustainability, and further exposing the structural weaknesses of our economy”, he told Ghanaians in a national address on Sunday, 30 October 2022.
“We are in a crisis”, he stressed, adding: “I do not exaggerate when I say so”.
“I cannot find an example in history when so many malevolent forces have come together at the same time. But, as we have shown in other circumstances, we shall turn this crisis into an opportunity to resolve not just the short-term, urgent problems, but the long-term structural problems that have bedeviled our economy”, the president mentioned.
He said his government’s decision to seek help from the IMF must be seen in the perspective of the difficulties the country is going through, noting that the talks are going well.
Ghana is seeking a $3billion bailout from the IMF.
