EVEN IN A COVID-19-FREE PERIOD, MAHAMA SENT THE ECONOMY TO THE MORGUE OF HOPELESSNESS
In his maudlin expressions of sympathy to the good people of Ghana under the coronavirus scourge, the incompetent one also talked about the economy.
He said the Akufo-Addo administration has been touting its prowess in managing the economy so much so that its robustness would empower it to withstand any shock of any shape or form, but the country accessing the $1 billion loan facility from the IMF has exposed the administration.
He went further to claim that the Ghanaian economy under President Akufo-Addo is on ventilators at the intensive care unit. This particular description he gave sent me on a journey down memory lane. Mahama was not describing the Akufo-Addo administration but his regime. If our economy is in the intensive healthcare unit, then he sent his to the morgue.
Even under coronavirus, we have better economic indicators than his COVID-19-free regime. It is also quite interesting that the incompetent one would seek to score political points at a time like this. The global economy, including Ghana, has been at the mercy of this deadly virus.
The Almighty USA, UK, Germany, China, South Korea, Spain, Italy and every other country across the globe are reeling under the negative effects of the COVID-19 pandemic. For the incompetent one to create the impression that Ghana is an island out of the rest of the world is not only puzzling but mind-boggling.
The fact that we have reserves up to three months of import cover doesn’t mean it should be relied upon at this time of our need. It should be consulted as a last resort. Individual nations are not at war with one another for which we cannot rely upon one another to access help. We have enough reserves but nothing warrants their usage as at now.
The global economy has been reset by the COVID-19 pandemic. It is, at this juncture, safer to conclude that the global economy has gone back to factory settings. It would take two to three years to normalize this situation, according to experts in the field. As a former president, such a basic fact should be known to you.
One can argue the toss all one pleases, the indisputable truth is that the flagbearer of the opposition party is not deep in issues of governance even though he was a vice president and a president for eight years. He comes to the table with populist and empty ideas just to soften hearts to follow him.
P.K. Sarpong, Whispers from the Corridors of the Thinking Place.