Ghana’s Cedi now “a joke” – Akufo-Addo

The flagbearer of the New Patriotic Party, Nana Akufo-Addo, has said the specter of Ghana being classified as a “High Risk of Debt Distress” country and coming under the International Monetary Fund, should be enough motivation to vote out the John Mahama administration in 2016.

According to him, it is incumbent on Ghanaians to rise up in 2016 and help the NPP rebuild a country, which has seen every aspect of her national economy in crisis.

“We are talking about the situation where our country is down. Young people cannot get work to do, farmers do not have the inputs for their work, industries are closing all over the country, and our currency is now a joke. Every aspect of our national economy is in crisis,” Akufo-Addo argued on his 'Rise and Build' tour in Wa.

Nana Akufo-Addo added: “Yesterday, officially, we became HIPC again. The Bank of Ghana published statistics to show that the 70% benchmark of debt-to GDP ratio, which suggests whether you are HIPC or not, has been reached. We will reach 75% by the end of the year. Every aspect of our national economy is in crisis.”

He said an NPP government is Ghana’s surest bet to return the country onto the path of progress and prosperity, a path which President John Agyekum Kufuor put Ghana onto before the NPP exited office in January 2009.