Akufo-Addo must address Ghanaians on current economic woes – Economist 

According to a political risk analyst and economist, President Akufo-Addo’s speech to Ghanaians about the current economic difficulties is crucial.Dr. Theophilus Acheampong asserts that the President of Ghana must inform Ghanaians of the steps his government is taking to resolve the crisis.He believes that the public will be reassured by a presidential address on the matter.

Speaking on JoyNews’ Newsfile on Saturday, he insisted that the President needs to speak to Ghanaians urgently.

“I think we are at the time where the president must address the nation.

“The President needs to speak to all of us forthrightly about the challenges that we face and what they are doing to get us out of it because amidst all of these crisis there is some information vacuum or you may even call it policy which must be dealt with,” he said.

Meanwhile also speaking on the same show, a political scientist at the University of Ghana lambasted the government for solely relying on the International Monetary Fund (IMF) to address the current economic crisis.

Professor Ransford Gyampo says the Bretton Woods Institution cannot be the panacea for the country’s problems.

According to him, the ‘one size fit’ approach will not work for the nation in these times.

Prof Gyampo thus asked government to start working on other solutions.

“The IMF is not and can certainly not be a panacea to our woes and it appears that in our country, we have a certain one way propagandist stomach direction approach to solving every problem. They must be up and doing,” he said.

Meanwhile Ministry of Finance on Friday said the Government and IMF have reached a clear path towards the final details of a programme with the goal of reaching a Staff-Level Agreement by the end of the year.

This follows meetings between the Government and the IMF advancing negotiations towards a Fund-supported Programme in Washington (D.C).