OccupyGhana has said, “under this government’s watch, Ghana has become broke under circumstances that were avoidable and are inexcusable and unpardonable”.
In a statement issued on Wednesday, 7 December 2022, the pressure group said “the nation would not be in this situation but for the government’s failed, risky economic strategy that borrowed heavily from the international market to fund expenditure, pay the maturing debt, support the cedi and possibly control the effect of the depreciation on inflation”.
This risky strategy, OG noted, “effectively relied on good fortune and extremely astute economic management, both of which failed”.
Thus, it said, “although the government would seek to blame the pandemic and the Russia-Ukraine war for this disaster, it cannot evade or avoid the fact that our debt was unsustainable even before these external factors kicked in and compounded an already precarious situation”.
Source: Mybrytnewsroom.com/Kwabena Nyarko Abronoma
