The Concerned Voters’ Movement (CVM) has debunked claims that Ghana’s economy is in distress.
According to the group, even though the government inherited a debt-ridden and a distressed economy, it has turned things around due to prudent measures instituted by the Economic Management Team chaired by Vice-President Mahamudu Bawumia.
This was contained a response by the group to a statement made by Mr Sam K. Jonah. The group contends that “Mr. Sam K. Jonah sought to create or fuel the wrong impression that Ghana is experiencing a debt crisis under the watch of Vice-President Mahamudu Bawumia.”
“We find this gloom-ridden statement as unfortunate and inapt,” a statement signed by founder and president of CVM, Razak Kojo Opoku, said.
The group explained that the Akufo-Addo-Bawumia government has implemented a lot of economic transformational policies and programmes aimed at bringing the economy back to life despite the effect of the covid-19 pandemic.
“Even if monies have been raised by Akufo-Addo-Bawumia’s government mostly through bonds, it is important to point out that such monies have been used to implement policies that were non-existent since the 4th Republic. Heavily capital-intensive projects such as One-District-One-Factory (1D1F), One-Village-One-Dam (1V1D), Planting for Food and Jobs, One-Constituency-One-Ambulance, Railway Infrastructure, Digitization & Digitalization of the Ghanaian economy are all projects that were financed by the bonds raised by Akufo-Addo-Bawumia’s government,” it said.
The group further bemoaned Mr Jonah’s comment on the mining sector that creates the impression that the government has failed at its galamsey fight.
According to CVM, “historical records on Ghana’s mining seriously do not even favour Sam Jonah’s contributions to the particular sector of the economy.”
It questioned the measures Mr Jonah put in place to prevent galamsey in Obuasi and to transform the community when he was the President/Chief Executive Officer of the Ashanti Goldfields Corporation.
It urged Mr Jonah to be fair to the government in his criticism and not deliberately paint a picture of doom.