Mahama is ready to support Akufo-Addo to revive the economy – Ofosu Ampofo

Mahama is ready to support Akufo-Addo to revive the economy – Ofosu Ampofo

National Chairman of the opposition National Democratic Congress Mr Samuel Ofosu Ampofo has revealed that the Former President John Mahama is ready to lend a helping hand to aid the government to salvage the ailing economy.

He bemoans that, the current state of the economy smacks of how the government has mismanaged it.

During a press briefing after a closed-door meeting of John Mahama with members of the clergy, Mr. Ofosu-Ampofo stated that the party is willing to offer its support towards coming up with comprehensive measures in rebounding the economy.

“Discussions were frank and open. The former President has given clear indications that he will put the issues ahead of his personal and parochial interest and for that, he is prepared that if there is any dialogue that encapsulates the plan towards addressing the economic challenges, he is prepared to offer his bit in the interest of mother Ghana.”

 Ghana’s credit rating has been downgraded by Fitch and Moody’s recently.

Moody’s downgraded Ghana’s long-term issuer and senior unsecured debt ratings to Caa1 from B3 and changed the outlook from negative to stable. It said the new rating reflects the woes of Ghana in fixing its liquidity and debt challenges.

However, the government has declared intentions of revitalizing the economy through the introduction of the electronic transfer levy.

Also, many have however argued that the e-levy is not a reliable means of generating revenue.

Mr. Mahama recently advised the government to engage in extensive consultations to help revive the economy.

By: Stella Annan | Twitter @activetvgh

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