Minister for finance, Mr. Ken Ofori Atta has cautioned Ghanaians to reject “leaders who take us back to Egypt”.
He made this statement on the floor of parliament on Wednesday, October 28, 2020, when he moved the motion for the honorable house to approve by resolution a sum of Twenty-Seven Billion, Four Hundred and Thirty-four Million, One Hundred and Eighty Thousand, Five Hundred and Twenty Ghana Cedis (GH¢27,434,180,520) from the Consolidated Fund for the purpose of meeting expenditure necessary to carry on the services of Government in respect of the period expiring three months of the Financial Year or on the coming into operation of the Appropriation Act in respect of 2021 Financial Year.
According to the Minister, “leadership of any nation succeeds or fails on the strength or weakness of how the economy is managed, a leader who cannot run the economy is a leader who can never be trusted to deliver and leadership is about the economy and the character of the leader”.
To this effect in dollar terms, the former President (Mr. John Dramani Mahama) took an economy that was 64 billion dollars in 2013 and shrunk it down to 55 billion dollars in 2016, and after 4 years in office, the Mahama administration managed to achieve an unenviable record of reducing the Ghanaian Economy by nearly 10 Billion USD.
According to a Bloomberg annual table’ in 2014 the cedi was the worst performing currency in the entire world, only managing to perform better than the war-torn Ukraine’s Hryvnia Mr. ken Ofori recalled to buttress his claim.
Again in 2001, Ghana had no choice but to swallow her pride and to sign up to the HIPC initiative, a legacy left by the outgoing NDC government, yet Thankfully, President J.A. Kufuor got the country to completion point in record time and came out of HIPC, by 2014, barely 2 years in office, President Mahama’s ‘homegrown’ economic policy had failed and Ghana signed up once again onto an IMF programme.
However, he lamented that President Akufo-Addo’s government took Ghana out of the IMF Programme in record time;
‘’ Those who mismanage the economy for us to come and fix it are the one’s wishing Ghana ill. My message to them is this; there is no turning back, HIPC is behind us, Economic mismanagement is behind us’’
‘’The economy is stronger today than it was 4 years ago, and will continue to grow stronger and stronger with 4 more years to do more for the people of Ghana, with God’s help’’
Mr. Ken further cautioned that we must be careful as a nation to reject those who return from the Promised Land, with a bad report to subvert the spirit of our people and to reject leaders who would take us back to Egypt
By Mary Quartey