David Ofosu-Dorte, a senior partner of AB & David Law Company has cautioned Ghanaians to expect more lay-offs and downsizing by some organizations.
According to him, Ghanaians shouldn’t anticipate an economic stability or recovery anytime soon. Speaking in an interview on Citi TV monitored by 1Family Radio, David hinted that a lot there would be tougher times ahead and downsizing by a lot of organizations especially the banking sector.
He added that the banking firms that engaged in the debt restructuring program may not have access to money in the near future to expand their business and would have to downsize and lay-off workers.
Mr. Ofosu-Dorte believes that the financial sector and the lives of the ordinary Ghanaians do not look good currently and things might be more miserable very soon.
He believes that the economic disaster and tougher times will not because of the conditions by the International Monetary Fund. According to him, the tougher times will be because people will no longer keep their monies in the banks. People will start keeping their money at home, forex and others will invest in real estates. he added that this will cause the banking sector to suffer very severely.
David Ofosu-Dorte furthered that prices have gone up and the purchasing of safes has increased which simply means people have already began keeping their money in their homes.