‘Our economy is extremely weak’ – Pratt cautions politicians

The ruling government has been asked to stop touting the economy as the most buoyant.

Former President John Mahama has described the economy as one in the Intensive Care Unit (ICU); however, the ruling government disagrees.

According to them, even if the economy is having challenges following the outbreak of COVID-19, it is nothing compared to the previous administration.

In a panel discussion on Peace FM’s morning show 'Kokrokoo', the Managing Editor of the Insight newspaper, Kwesi Pratt Jnr said anyone who will claim that the economy is doing well is being deceptive.

Giving a few instances, he added that, "the fundamentals of this economy are so weak that all these fights about we have the buoyant economy and so on; we should stop it!!! because the economy is extremely weak. If we don’t change the fundamentals, there will be dire consequences".

According to him, "we’re no longer in control of the economy; it’s controlled from the metropolis of the colonial enterprise; that is the fundamental problem of the economy . . . unless we change the fundamentals".

He further expressed shock over a research finding which indicated that 85 percent of goods in Ghana’s supermarkets are imported.

"How can the economy grow? How can you have a vibrant economy when almost 90 percent of goods in our supermarkets are imported . . . and so if any politician tells you that the economy is vibrant; he is a liar because this economy is not in the best of shapes,” he insisted.