Former President, John Dramani Mahama will address the nation on the prevailing economic situation on Thursday, October 27.
An aide to the former president, Joyce Bawa Mogtari announced in a tweet on Monday.
According to the tweet, Mr Mahama’s address will also provide some solutions to the economic downturn.
Mahama to speak on Ghana’s economic woes on Thursday
Day in day out, prices of good and services in the country keeping rising , the cost of living has become very high and most Ghanaians are facing hardship with no hope in sight.
Unfortunately the man at the helm of affairs of the country, President Akufo Addo who promised to give Ghanaians the best of life before voted into power as well as his Vice President, Dr.Bawumia have not found the need to address the country on the current situation and the ways they would solve the huge problems Ghanaians are currently facing with respect to high inflation rates and the general hardship.
Obviously President Akufo Addo has failed all Ghanaians as it is obvious that he has no idea about how to manage the Ghanaian economy and make Ghanaians comfortable .
However, Former President John Mahama is really concerned about how the Ghanaian economy has been mismanaged so far by the NPP Government and has therefore decided to speak about the situation.
According to Felix Kwakye Ofosu, who also happens to be a Former Minister of Communications of the Republic of Ghana and currently an aide to Former President John Mahama, the former President will speak on Ghana’s collapsed economy and the unprecedented hardships sweeping across the land and the way forward.
His address to the nation would come off on Thursday October 27,2022 at 7pm.
Currently, the Ghana Cedi has been cited by a Bloomberg report as the worst-performing against the dollar worldwide.
The local currency also lost further grounds Friday morning to trade at ¢14.70 to the dollar, quotations from the forex bureaus indicate.
The free fall of the local currency is having adverse effects on importers who rely on the dollar to trade.
Already, Oil Marketing Companies (OMCs) have also increased the prices of petroleum products at the pumps, with a litre of petrol going for GH¢13.10, from the previous price of GH¢11.10, representing about 16% increase.
On the other hand, the price of diesel per litre has shot up to about GH¢15.99, from the previous price of GH¢13.90. This is about a 12% increment.