Economic Hardships: We are tired of the motivational speeches – CUTS Ghana boss calls for Action from gov’t
West Africa Regional Director for Consumer Unity & Trust Society (CUTS International), Mr. Adomako Appiah Kusi has registered his displeasure with the manner in which government is managing the current economic hardship.
According to Mr. Adomako Kusi, it appears the government is just paying lip service to the plight of Ghanaians without any drastic measure to mitigate the situation.
The West Africa Regional Director made this observation on Monday, October 24, 2022 when he was speaking on Spotlight on MX 24 TV with Nuong Faalong.
Mr. Adomako was speaking on the back of the current depreciation of the Ghana cedi coupled with skyrocketing inflation which has resulted in deteriorated cost of living in the country.
Despite the hardships, Mr. Adomako has observed that the managers of the economy are rather engaging in what he describes as motivational speeches which he says does not inspire confidence.
“We cannot forget about the superstructure problem that we are facing; the cedi depreciation which I am very much disappointed about how the managers of our economy have handled the situation. This is not the first time these things are happening. It has happened many times and the way leadership come in to address the market is able to calm the storm and this time, we are only hearing motivational speeches. The motivational speeches are not the speeches needed to be able to still the troubled waters,” Mr. Adomako explained.
According to him, beyond the lip service, there is the need for an executive action from government to deal with the situation. To him, the country cannot wait till a deal is struck with the IMF as he says the consequences from now till the IMF deal can be dire should government fail to act.
“We need an executive action. We can’t wait for IMF decision to crystallize in December. We don’t know what is going to happen to the cedi between now and December. Between now and December, we expect government, the Economic Management Team, which the Minister of Finance is also a member to come and tell us what exactly they are doing to be able to salvage the soul of Ghana’s currency,” he contended.