A member of the Finance Committee of Parliament, Dr Stephen Amoah has accused governments of the New Patriotic Party (NPP) and the National Democratic Congress (NDC) of failing to adopt the right policies and measures to deal with the problems of the local currency, the cedi.
The Nhyiaeso lawmaker indicated that the two parties that have had the privilege to govern the country all adopted short-term unstainable measures in their attempt to solve the problem.
“Let us be very honest, currency issue is one of the areas that both NPP and the NDC governments, in my opinion, have not done much to save the situation.
“The two leading parties in our country, in my opinion have not done much. Simply because any attempt to adopt short term approach to solving currency issues in any country does not work, it is not sustainable.
“That has been the ritual all the time, we are looking at seasons, we are looking at performance elsewhere, we are looking at having syndicated loans and we are looking all sort of factors but trust me, these are all not sustainable approaches.
“We need to accept and appreciate this and begin to work sustainably towards these issues. Other than that Ghana will definitely, one day, go down and will never come back,” he told Accra-based Joy FM on Tuesday March 8.
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