Sign in
Download Opera News App

News Politics

 

Politics

 

Africa politics

Nana Addo has lost confidence in vice president: Odike

"The President has lost confidence in Bawumia, the economy is not doing well” he told Johnnie Hughes on the New Day show on TV3 Thursday September 29.

Touching on development in the Ashanti Region where he is based, Odike said the Region is not seeing much development the way other parts of the country are experiencing.

Background

Today, our economy lies in tatters having been plunged into an unsustainable public debt through reckless spending and excessive borrowing most of which have been spent on consumption by the Akufo-Addo/Bawumia government,” the communications officer of the NDC, Sammy Gyamfi, said in a statement.


The party raised concerns over the high unemployment rate, which currently stands at 13.4%, the highest in nearly 30 years.

"How can any objective mind blame the alarming depression of the cedi on COVID-19 when we know that the main reason for the alarming depreciation in the cedi is the huge capital fight from our country? Investors are pulling out their monies. Why are they pulling out? It is because our debt position is no longer sustainable. That is why we have been downgraded by all the sovereign credit rating agencies … to junk status; our economy is now a 'borla' economy."

Content created and supplied by: Allnewsman (via Opera News )

Johnnie Hughes NDC Nana Addo Odike Sammy Gyamfi

COMMENTS

Load app to read more comments