Mahama to Address Ghanaians as Economic Crisis Worsens; Pledges to Offer Solutions

• Former President John Mahama is expected to address Ghanaians on Thursday on the current economic crisis and proffer some solutions
• The planned speech comes amid a worsening economic crisis, which has seen the cedi plummet against the dollar and other major international currencies
• Mahama, who was denied a second term in office by President Nana Akufo-Addo in 2016, will seek to use the speech to bolster his standing among Ghanaians ahead of a possible run for presidential office in 2024

The former president, John Mahama, has said that he would address Ghanaians on Thursday, October 28, 2022, on the economic crisis that was confronting the nation.

Mahama's planned address comes as the government intensifies its negotiations with the International Monetary Fund (IMF) to secure financial and technical assistance that would provide relief to the economy.

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This was disclosed by the NDC’s National Communications Officer, Sammy Gyamfi, on his social media handle.

He took to his Twitter handle and announced that the former President would speak on the ailing economy.

“John Mahama speaks on Ghana’s collapsed economy and the unprecedented hardships sweeping across the land and the way forward on Thursday October 27 at 7pm,” Mr Gyamfi tweeted.

Mahama Takes On Akufo-Addo's Bad Economic Policies; Questions Whether Ghana Can Survive Until An IMF Program Is Reached

The former President has time without number descended on the Akufo-Addo-led government on the economic hardships the ordinary Ghanaian is going through, describing the situation as dire.

In a recent engagement with the leadership of the Ghana Journalists Association (GJA), Mr Mahama questioned whether the country could survive until an IMF programme was reached.

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Current Economic Conditions One Of The Worse Since The 1980s - Financial Analyst

Ghana is currently reeling under an economic crisis which some say is akin to the 1980s.

The worsening conditions have been exacerbated by the depreciation of the cedi, galloping inflation, and rising fuel prices, which have caused prices of goods and services to skyrocket.

To stem the tide, the government has fallen on the IMF for a package to steer the country through the economic turmoil.

With the IMF negotiations progressing steadily, government officials are optimistic that when finalised, the $3 billion package will help stabilise the economy.

Mahama Calls On Government To Urgently Address Youth Unemployment So Terror Groups Do Not Recruit Them

Earlier, YEN.com.gh reported that the former President had called on the government to urgently tackle youth unemployment lest terror organisations recruit unemployed Ghanaians.

He said the menace had the potential to destabilise the country if not addressed urgently.

Source: YEN.com.gh