https://www.myjoyonline.com/current-economic-challenges-exceed-the-1999-2000-crisis-goosie-tanoh/-------https://www.myjoyonline.com/current-economic-challenges-exceed-the-1999-2000-crisis-goosie-tanoh/
Goosie Tanoh

Chairman of the National Democratic Congress (NDC) Manifesto Committee on Employment and Job Creation, Goosie Tanoh, has issued a sharp criticism of the Akufo-Addo administration, holding it responsible for worsening Ghana’s economic difficulties.

In an interview with Channel One TV on Monday, November 18, Tanoh claimed that the current economic situation is more severe than the challenges faced by the country between 1999 and 2000.

He compared the present economic downturn to the earlier crisis, suggesting that Ghana’s economic landscape has deteriorated significantly under the current government.

Mr Tanoh acknowledged the role of the Provisional National Defence Council (PNDC) government in averting a potential economic collapse during its time in power.

He praised the PNDC's efforts, stating that the administration "saved this country from becoming a failed state," and attributed the past successes to decisive leadership and sound economic management.

He pointed to systemic failures as the root of the nation's current economic troubles, criticising the government for its inability to address deep-seated structural issues.

According to him, the Akufo-Addo administration has relied too heavily on superficial solutions, neglecting the underlying problems that continue to affect the economy.

Mr Tanoh stressed that a genuine turnaround in Ghana’s economic fortunes requires a shift from short-term measures to long-term, sustainable strategies.

He called for a focus on structural reform and strategic planning to secure the country's economic stability and future growth.

“What was the debt-to-GDP ratio in those days? There’s no more HIPC at the moment, all you have is the G20 framework, OCC and the Eurobond.

"The reality of the matter is that whether it is PNDC, NDC or New Patriotic Party (NPP), the problems we have are structural. And people keep saying that but they refuse to address it.”

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.