Akufo-Addo Needs Mahama And Kufuor’s Help To Solve Economic Crisis – Economist Dr George Domfe

Akufo-Addo Needs Mahama And Kufuor’s Help To Solve Economic Crisis – Economist Dr George Domfe

  • Ghana's current president Mr Addo Dankwa Akufo-Addo has been advised to seek deep insights from the two former presidents, John Dramani Mahama and John Agyekum Kufuor
  • Dr George Domfe said because the two former presidents have faced similar economic challenges, they will be able to proffer sound solutions to weather the economic turbulence
  • Dr Domfe said the president must do this before his next address to the nation on the economy

PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find “Recommended for you” block on the home page and enjoy!

Economist Dr George Domfe has advised president Nana Akufo-Addo to tap into the expertise of former presidents John Mahama and John Kufuor in efforts to surmount the economic crunch.

The Senior Research Fellow at the Centre for Social Policy Studies (CSPS) at the College of Humanities, University of Ghana, wants the president to build consensus in dealing with the national crisis.

Read also

Bright Simons finds inaccuracies in Akufo-Addo’s speech on economy

“I am suggesting that in the next address, the President should invite the two former Presidents for them to also share a word or two with Ghanaians,” Dr Domfe told YEN.com.gh in an exclusive interview.
Mahama-Akufo-Addo-Kufuor
L-R: Former president John Mahama, Nana Akufo-Addo and John Agyekum Kufour. Source: UGC.
Source: UGC

In his view, Ghana’s economic crisis is an old problem that has been exposed by several different forces.

PAY ATTENTION: Click “See First” under the “Following” tab to see YEN.com.gh News on your News Feed!

“The experience of the former presidents is obviously needed. Importantly, a round table discussions by these individuals will trigger the need for us all to forge ahead in unison to address the exchange rate vulnerabilities once and for all,” he said.

Over the last couple of months, Ghana's economy has been characterised by a high cost of living caused by hyperinflation and a rapid depreciation of the cedi.

Ghana's petroleum market is also unstable, causing price volatility that further worsens inflation.

Read also

“His approach was the best” – Economist applauds for Akufo-Addo after address on economy

Ghana is seeking $3 billion from the IMF to shore up the balance of payment shortfalls and restore confidence in the economy.

Akufo-Addo’s Address On Economy: Economist Dr George Domfe Says President Was Spot On

Meanwhile, YEN.com.gh has also reported in a previous story that Dr George Domfe scored top marks for president Nana Akufo-Addo’s national address on Ghana’s economic crunch on Sunday, October 30.

The Development Economist said the president adequately touched on all the relevant issues.

He said the president articulated measures the country needed immediately to address the exchange rate volatilities.

New feature: Сheck out news that is picked for YOU ➡️ find “Recommended for you” block on the home page and enjoy!

Source: YEN.com.gh

Authors:
George Nyavor avatar

George Nyavor (Head of Politics and Current Affairs Desk) George Nyavor writes for YEN.com.gh. He has been Head of the Politics and Current Affairs Desk since 2022. George has over 9 years of experience in managing media and communications (Myjoyonline and GhanaWeb). George is a member of the Catholic Association of Media Practitioners Ghana (CAMP-G). He obtained a BA in Communications Studies from the Ghana Institute of Journalism in 2010. Reach out to him via george.nyavor@yen.com.gh.