Director at the Institute of Statistical, Social and Economic Research (ISSER) at the University of Ghana, Prof Peter Quartey, is impressed with the recent apology by the Finance Minister.
On Tuesday, Dr Amin Adam apologised to Ghanaians for the hardships experienced due to the Domestic Debt Exchange Programme (DDEP).
Prof Quartey says this act is a sign of true leadership since very few politicians would willingly admit to problems resulting from certain bad governance decisions.
He said he was impressed by the Finance Minister's act, especially since most of the decisions occurred before he became Finance Minister.
“I think there is no doubt that the DDEP caused pain to Ghanaians, to investors, to banks who were making profit, all of a sudden became lost-making and investors lost income or expected income.
“However, I think I admire his candidness and willingness to apologise. I mean, we are in this country how many politicians or leaders have we seen apologising when something goes wrong.
“After all he was not the Finance Minster at the time yet he had that boldness and candidness to apologise. For me, I admire his candidness,” he said on JoyFM’s Top Story.
Also, he backed Dr Adam's claim that the economy was witnessing growth.
Prof Quartey explained that, per available data, the country's growth projection has been revised upwards.
He added that although fuel prices and the cost of doing business are better than they used to be, it is necessary for growth to happen faster to alleviate 20% of the population from poverty.
Latest Stories
-
If we are not careful, the EC will lead us to destruction- Dr Nyaho-Tamakloe
18 mins -
National Best Cocoa Farmers advocate for enhanced value addition
28 mins -
September FIFA Rankings: Black Stars drop to 70th globally, fall to 14th in Africa
30 mins -
Construction of AstroTurfs was an emotional decision – Veronica Commey slams government over stadium crisis
32 mins -
PURC missed the point on Cash Waterfall Mechanism, fuel purchases – ECG
46 mins -
Tarkwa Nsuaem MCE cannot take over TnA stadium – NSA
1 hour -
Tarkwa Nsuaem MCE takes over management of TnA stadium after alleged poor maintenance
1 hour -
Economic independence : Exploring the potential of flat tax
2 hours -
John Mahama attributes poor state of stadiums in Ghana to corruption
2 hours -
2025 AFCONQ: Ghana has ‘weeds’ instead of pitches – Saanie Daara
2 hours -
Mahama endorses ‘For The Records’ book
2 hours -
No gospel musician checked up on me when I got injured – Sonnie Badu
3 hours -
Amplifying Ghana’s tourism potential: The case of Nkwanta in the Oti Region
3 hours -
Nineteen57 Events appoints Edem Mensah-Tsotorme as Media Relations Director
3 hours -
Playwright Latif Abubakar sets Ghana on world stage with Spanish production
3 hours