Vice President Dr. Mahamudu Bawumia has acknowledged that the country is now facing some difficulties.
He stated that this is a fact.
He did say, however, that the administration had taken steps to alleviate the hardships that the people are experiencing.
“From the man on the street to the business mogul, the health of the economy is the foundational instrument,” he remarked at a conference hosted by TESCON, the New Patriotic Party’s student wing, on Thursday, April 7.
“What we feel in our pocketbook is the economy.” I recognize that we are going through a difficult period; this is the truth. Fuel and practically other goods are growing in price in our economy. The cost of living is rising.”
“Many Ghanaians were taken aback by these developments, and many questions regarding the status of the economy have been raised.” What happened to the fundamentals? is one of these questions. Why are goods and services costs rising so quickly? What is the reason behind the Cedi’s rapid depreciation this year?
“What accomplishments does the government have to show for the increased debt?” Where has the administration promised to establish a new economy? I’ll answer these questions with data and facts.
“I’ll admit there are obstacles, and we’ll all leave here knowing more about the economy, where we came from, and where we’re headed.”