During a radio conversation on Peace FM, the Managing Editor of the Insight Newspaper, Kwesi Pratt, had a valid reason to scold a member of the presidential staff. 

Dennis Miracles Aboagye interrupted Pratt’s commentary on the state of the economy as he was leaving the studio, which caused Pratt to become angry.

“What is happening today with our economy has never occurred before,” Pratt said before Aboagye barged in with “it has happened before and when it did, it was far worse…” he disproved. “What is happening today with our economy has never happened before,” Pratt submitted.

Disturbed by Aboagye’s behaviour in the Peace FM studio, Pratt warned him that more prominent members of the New Patriotic Party (NPP) had filled in for him before and behaved appropriately.

Even though Miracles had presumably left the studio, he finished his submissions and moved on.

He emphasised that “never in our history” had the country spent 120 percent of its total national revenue on debt service, debt repayment, and public sector emoluments.

Inflation reached 54.2% in December (November: 50.3%), the highest level since April 2001, and continued to rise over the target range of 6.0–10.0%. The value of the cedi has gone down, which has made imports more expensive and added to inflation in December. Inflation is expected to have peaked in the fourth quarter of 2022 before declining in 2023. 

In a recent speech to the nation, the president acknowledged that ghana is in crisis. He blamed the situation on external shocks, including the epidemic and the Russia-Ukraine war.

However, analysts claim that the government made certain political and economic decisions that would have eventually exposed the system’s shortcomings even if those external circumstances had not been present.

Source – Tru News Report

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