Lawyer Godwin Edudzi Tamakloe, Special Aide to former President John Dramani Mahama says the coronavirus pandemic has exposed the Akufo-Addo led government over their highly-touted robust economy since they took over from the Mahama administration after the 2016 general elections.
According to him, until the outbreak of the novel coronavirus in the country, the New Patriotic Party (NPP) government propagandists made Ghanaians understood and believe that the country’s economy is robust and could withstand any shock.
Speaking on Okay FM’s 'Ade Akye Abia' Morning Show, lawyer Edudzi Tamakloe mockingly indicated that the highly-touted robust economy now is in the intensive care being supported with ventilators.
“A few months ago, the NPP government propagandists made us understand that the economy is robust and resilient. The economy that they have constantly touted that is robust should be able to withstand any shock, but today, due to the COVID-19 the economy is now in the intensive care with ventilators to revive it,” he mocked.
He reiterated that “the economy needs oxygen to the extent that in less than 2 months we have to go back to the IMF for USD$ 1billion in order to pay our debts and other things”.
He again indicated that the Akufo-Addo government is considering going for a moratorium from the World Bank and IMF in order to pay the country’s monthly loan interest for the next 5 months totalling USD$500 million.
“So quite clearly it means that all this while this government was making noise about the economic growth, it seems the fundamentals of the economy is as not strong as the government painted it to be. It also seems that the economy was built on straw," he averred.
He, however, lamented that the COVID-19 has put everything done on the economy asunder, as President Akufo-Addo has confessed that it will take 3 to 4 years for the country to recover from the novel coronavirus and its associated effect on the economy.
Source: Daniel Adu Darko/Peacefmonline.com
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Even South Africa has run to the IMF for a $4.2b bail out. JM and the NDC never again.
At least we have an economy to talk about. During the 8 years of NDC, the economy was completely dead. The INCOMPETENT MAHAMA.
You ***barred word*** will never gain power again.Ghanians are well informed than ever before on your corrupt dubious ways.I just do not know where and when you gained your law degree.Your from your stomach not from your heard.Are you not ashamed of yourself?You and your so called mahama the failed will ex president will never assume power again in GHANA.Rest in your kennels and enjoy your looted millions.You and your opportunist part are doomed forever and ever.Shame unto you and your disgraced party.LONG LIVE NANA ADDO AND MAY GOD BLESS OUR HOME LAND GHANA
No wonder Nana got the lowest votes in the recently held Ecowas Heads of State video conference to elect a dynamic leader to lead the fight against Covid-19 in the sub-region. Even Faure Gnassingbe got more votes than him. Nana Addo's leadership style is always characterized by public shows and paegents rather than the realities on the ground. The World Bank and the IMF know the economy is crash-landing. To NPP, they can continue to paint a rosy picture to portray all is well but the realities will soon expose you.
@ Teddy you are highly ***barred word*** bro.
That is why Ghana does not need,more than ever,JM coming back. JM destroyed the economy Pres Mills handed to him in normal times. We don't need the economic destroyer JM in the next ten years oh.
@ Etse, Tony, and Ako. Haha; if you care to know; the economy is on ventilator at the ICU and only God can take us through. It is an evident that Nana Addo's style of governance is always based on shouting, toutings, funfairs, media hypes, irrelevant public shows and events including unwarranted attacks on opponents and spin doctors. Even JHS students knew the economy was on a nose-dive. Where is the much talked about free SHS, 1V1D and 1D1F? Why are you rushing back to take the IMF, World Bank programs you demonized NDC with? Truth will always stand. This Party.
I still don't understand why mahama is not imprisoned for deliberate dumsor and the fact that he brought power companies that are cheating us out of millions of dollars each month.. These power companies are paid over $50 million dollars each month even when they don't produce any power. I wonder why Nana addo is quiet, is he also in their pocket?
Ventilators are better than ***barred word***
So this lawyer is happy? Is this lawyer saying that nothing is left in Ghana as far as the economy is concerned? Ignorance is a disease and this lawyer is perhaps at the early stage of mental health problem. NDC hates Ghana doing well and I don't understand. Free SHS for Ghanaians and they say cannot be done. Anything Nana Addo does, they don't like it but NDC forgot that Ghanaians elected him and he is doing what he promised them. Those bunch of people will never governed Ghana again if they continue with pull him down attitude