Goosie Tanoh slams Akufo-Addo, says current economic hardship surpasses 1999-2000 crisis

Nov 19, 2024 - 00:18
Nov 19, 2024 - 01:10
Goosie Tanoh slams Akufo-Addo, says current economic hardship surpasses 1999-2000 crisis
Goosie Tanoh is Chairman of the National Democratic Congress (NDC) Manifesto Committee on Employment and Job Creation

Accra, Ghana - Nov 19, 2024 - The Chairman of the National Democratic Congress (NDC) Manifesto Committee on Employment and Job Creation, Goosie Tanoh has blasted the Akufo-Addo administration for worsening Ghana's economic woes.

Speaking on Channel One TV, Tanoh painted a grim picture, stating that the current economic crisis surpasses the difficulties of 1999-2000. 

He credited the Provisional National Defence Council (PNDC) government with saving Ghana from collapse, calling it a turning point that prevented the country from becoming a failed state.

“It saved this country from becoming a failed state,” he stated.

Tanoh's critique centers on systemic failures, specifically the government's inability to tackle deep-rooted structural issues. He emphasized the need for sustainable, long-term solutions rather than quick fixes.

With Ghana's economic trajectory sparking widespread discontent, Tanoh's comments add fuel to the debate on leadership and economic management ahead of the 2024 elections.

As a seasoned politician and former leader of the National Reform Party, Tanoh brings a wealth of experience to the table. His background includes serving as Executive Director of Finance and Administration at the Ghana National Petroleum Corporation and advising on various international projects.

Tanoh advocated for the NDC's 24-hour economy initiative as a key to revitalizing Ghana's economy. This plan aims to boost productive output by harnessing resources and achieving efficiencies.

By addressing structural problems head-on, Tanoh believes Ghana can break free from its economic struggles.

“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.”

“One of the reasons why the 24-hour economy is being promoted and utilised as a benchmark for transformation is that you have to achieve the efficiencies in this economy that allow you to go and expand your productive output and the only way you do is to harness those resources,” he added.
Source: Florence Kyei/ Lead News Online