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Politics of Monday, 25 March 2019

Source: 3news.com

NPP, NDC accused of politicising nation’s fortunes

Chief Operations Officer of Dalex Finance, Joe Jackson, has accused the New Patriotic Party (NPP) and the National Democratic Congress (NDC) for deliberately working towards politicising and sabotaging the fortunes of the nation.

“Both the National Democratic Congress and the New Patriotic Party have failed in finding long term solutions to the yearly depreciation of the cedi against major international trading currency, particularly the dollar and I know that the two parties have conspired to politicise and sabotage the economy,” he alleged.

Mr Jackson made the allegation on a news analysis show, the Key Points, and accused the parties of politicising the cedi issue to gain political points instead of coming up with long term measures to deal with it.

He was speaking on the back of a news conference organised by the Minority on the economy, as well as the response from the government on the issue.

According to Mr Jackson, “the two parties are always quick to speak through the media on issues of depreciating cedi instead of coming together to dialogue and come up with plans with which the issue can be solved to prevent further recurrence.

“Each time the cedi depreciates in value, it is a signal telling us there is not enough dollars to fund what we want do, it is either we export more or we consume less dollars each time that signal happens.

“Both parties are quick to use the cedi as barometer or thermometer for political performance, the action is to jump in support of the cedi, sabotage economic signal that goes to all investors, producers, consumers to take decisions that will fix it in the long term.

“Investment decisions and issues bordering on the cedi cannot be taken within two months or short term as is done by the two parties, they must pay attention to cedi signals and plan along those lines, I think by jumping and celebrating any time the cedi slides, they are actually sabotaging our long term existence.

“I want all of them, whether the script was read by Dr Bawumia a year ago or the script is being read by Mr Forson, this time or whoever it is, it is the same script, it tells us we are ignoring the economic signal the cedi value is passing, and it totally ignores how to fix it in the long term,” Mr Jackson bemoaned.