Akufo-Addo should have resigned long ago - Mahama

Nkwabeng, Bono East Region - In a scathing rebuke of the current administration's economic management, National Democratic Congress (NDC) flagbearer John Dramani Mahama says President Nana Addo Dankwa Akufo-Addo should have resigned from his post long ago.

Addressing a packed campaign rally in Nkwabeng, Mahama excoriated the government's handling of the economy, singling out the Cedi's precipitous decline as a stark example of its failures.

The former President lamented that the Cedi has plummeted from a stable GH¢15 to a dismal exchange rate with the US dollar.

Mahama drew stark contrasts between the current economic woes and the robust economic health during his tenure, highlighting significant disparities in inflation and exchange rates.

His impassioned plea to the President comes as the NDC concludes its tour of the Bono East Region, leaving a trail of discontent with the incumbent administration's economic stewardship.

He emphasized that the cedi's sharp depreciation under the current administration has led to a substantial surge in living costs, imposing a significant strain on both households and businesses.

The former president contended that if President Akufo-Addo and his government were genuinely committed to the well-being of Ghanaians and transparent in their governance, the president would have stepped down, particularly when the Cedi's decline initially began to accelerate.

“During the Atta Mills’ administration, the exchange rate was GH¢2 to a dollar. When he took office, it was GH¢4 to a dollar. After nearly 8 years in power, the exchange rate has now risen to GH¢¢16 to a dollar.

“President Akufo-Addo should have resigned long ago when the Cedi depreciated to GH¢16 per dollar. It is difficult to see how GH¢16 to a dollar can be considered better than GH¢4 to a dollar.

“Unfortunately, we all find ourselves in this difficult situation. Even the prices of cement have skyrocketed," he added.

Source: Lead News Online