Previous President of Ghana Sara Dramani Mahama has requested the Government under the leadership associated with Nana Addo Dankwa Akufo-Addo to accept that the country is within crisis. To him, it is about time the Government works on building a consensus and getting people from diverse skills to proffer solution to the particular mess the country finds by itself in. The 2020 chief of the National Democratic Our elected representatives (NDC) says it is a get worried that the President and the Financial Management Team are nonchalant to the challenges of the Ghanaian people. “Yet, President Nana Akufo-Addo and his Head from the Economic Management Team, instead appallingly, remain nonchalant when confronted with this serious crisis and also have limited their response to the particular imposition of very severe and regressive tax procedures, one of which is the E-Levy, which has been roundly rejected with the people of Ghana. ”The former President in a writeup shared on his various mass media platforms said “In the face area of this serious crisis, federal government has also resorted to unhelpful political posturing over recommendations on how to stem the volitile manner, ensure discipline and assist the economy to recover”. To him, apart from the e-levy, the government seems to be bereft associated with ideas to move the country through the challenges facing it. “It is painfully obvious that will beyond the ill-conceived E- Levy, the Akufo-Addo management has no viable or reputable plan of action to get us out from the current economic doldrums directly into which they have plunged all of us; meanwhile, there can be collective buy-ins from the Ghanaian people, growth partners and the investor neighborhood that are being ignored. ”Read Their Full Article HereTime is certainly ticking for the crisis-ridden Ghanaian economyBy John Dramani MahamaThere is no dispute that the Ghanaian economy is in deep problems, a crisis marked by large budget deficits, an unsustainable public debt, rising pumpiing, a rapidly depreciating foreign currency, ever rising cost of living as well as a loss of confidence by each domestic and international trader communities. The effects of these happen to be severe hardships and struggling for the people of Ghana, especially those within susceptible groups. As a result of the terrible low point we have now arrived at, it is very clear that immediate intervention is required to avert an overall total collapse of the economy. However, President Nana Akufo-Addo great Head of the Economic Administration Team, rather appallingly, stay nonchalant in the face of this severe crisis and have limited their particular response to the imposition associated with very harsh and regressive tax measures, one of that is the E-Levy, which has been roundly rejected by the people associated with Ghana. Like one too much water and yet clutching at simple straw to stay afloat, this particular government has banked every its hopes on the E-Levy, which, given the the law of gravity and depth of the issues that have beset our economic climate, is neither adequate neither viable as a sustainable reaction to the crisis. In the face of this particular serious crisis, government has additionally resorted to unhelpful politics posturing over suggestions means stem the downward spiral, make sure discipline and help the particular economy to recover. It is shateringly obvious that beyond the particular ill-conceived E- Levy, the particular Akufo-Addo administration has no practical or credible plan of action to obtain us out of the current financial doldrums into which they possess plunged us; meanwhile, there may be collective buy-ins from the Ghanaian people, development partners as well as the investor community that are being disregarded. How come we do not have a far needed Post-COVID-19 Economic Recuperation Plan that would lay down a strong blueprint for fiscal combination in the face of a worsening economy? As I have indicated earlier, the government must as a issue of urgency, borrow the leaf from our sound technique toward the challenges we all faced in 2015. We all immediately convened the Senchi Economic Forum at which we all tapped the brains plus expertise of a wide variety of proficient people and stakeholders plus built a consensus on this economic plan going forward. The information shared at Senchi crystallized into our Homegrown Financial Consolidation Programme, which we all eventually presented to the IMF for support. The IMF agreed entirely with our homegrown strategy whose implementation refurbished stability to the economy plus laid the strong fundamentals that this government, just as the planet Bank in 2016 predicted, profited from between 2017 and 2020. But for the particular profligacy and also the reckless political election related expenditure in 2020, which undermined all the improvement that had been made, our economic climate would not have taken the devastating nose-dive it has taken plus left us all reeling below hardship. The Akufo-Addo management in 2020/21 received plus misapplied the largest windfall or even bailout in Ghana’s background: a $1 billion concessional facility from the IMF, an additional $1 billion in SDR allocation, $430 million from your World Bank, $250 mil from the Stabilization Fund, Gh¢10 billion from the Central Financial institution. This amounted to a complete of about Gh¢33 billion. This is a pity that today, the particular NPP’s entire economic strategy hinges on the passage of the E-levy expected to raise just a little over Gh¢6 billion. Exactly how did we arrive right here? The government must swallow what exactly is left of its pride that a platform for immediate and constructive dialogue amongst stakeholders with the view in order to fashioning out a robust group of policy responses to the financial challenges before we reach the point of no come back. We in the NDC endure prepared to aid in the salvage hard work because inaction is not an alternative in the face of disaster. The time clock is ticking very fast as well as the time to act is now. Cantonments- Accra. Monday February ’07, 2022. Source: MyNewsGh. com/ 2022Send your news tales to [email protected] and via WhatsApp upon +233 202452509