By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
1Family Radio
  • Home
  • Politics
  • Sports
  • Entertainment
  • Fashion
  • Health
Reading: Ghana’s economy is in tatters – Ato Forson 
Share
Sign In
Notification Show More
Latest News
Speaker of Parliament suspends sitting over confusion in the house 
Politics
IMF pleads with bilateral creditors to support Ghana secure a bailout 
Business
The minority caucus has taken parliament for a ride – Kyei-Mensah-Bonsu 
Politics
Ghana needs a pragmatic leader – Ken Agyapong on the ban of importation of used cars
Business Politics
VGMA is my ex-girlfriend and I have nothing against them – Shatta Wale 
Entertainment
Aa
1Family Radio
Aa
  • Business
  • Politics
  • Travel
  • Entertainment
  • Science And Technology
  • Fashion
Search
  • Home
    • Home 1
    • Default Home 2
    • Default Home 3
    • Default Home 4
    • Default Home 5
  • Categories
    • Entertainment
    • Travel
    • Fashion
    • Business
    • Politics
    • Science And Technology
    • Health
  • Bookmarks
  • More Foxiz
    • Sitemap
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
1Family Radio > Blog > Business > Ghana’s economy is in tatters – Ato Forson 
BusinessPolitics

Ghana’s economy is in tatters – Ato Forson 

Ghana's economy is bankrupt or insolvent

1Family Radio
Last updated: 2023/03/09 at 10:06 AM
1Family Radio
Share
2 Min Read
SHARE

Cassiel Ato Forson, the minority leader in Parliament has declared Ghana’s economy as bankrupt and insolvent during a two minutes submission in parliament.

This comes off after the president’s state of the Nation Address (SONA) on March 8, 2023, in parliament.

According to him, the current economic crisis Ghana is facing was inflicted by President Nana Akuffo-Addo. During his submission in parliament which was monitored by 1Family Radio, the lawmaker asserted that Ghanaians are going through excruciating pains and unbearable hardships.

“Our economy is in its worst shape in decades, in fact Ghana’s economy is bankrupt or insolvent. We are currently unable to repay our depts, Ghana has officially defaulted in the repayment of our depts since January, 2022,’’ Ato disclosed.

He furthered that despite all these pains, the president has failed to cut down the size of his government and expenditure. “Ghana is experiencing high inflation rate because the government allowed the Bank of Ghana to print GH¢50 billion notes in 2022 and another GH¢4 billion notes in 2023 first quarter,” he noted.

“Inflation is currently rising, monetary policy rate is also at 28%, the Ghana cedis has depreciated by 20% in January alone, Mr. president, unemployment is extremely high at the record levels and as we speak now lending rate is at 40%,’’ he stated.

“Mr. president, our economy is currently in tatters largely because it is self-inflicted, your government inflicted it on us and failed to act. Mr. president, this is your score card and this is the true state of the nation,’’ the lawmaker concluded.

Source: 1Familyradio

You Might Also Like

Speaker of Parliament suspends sitting over confusion in the house 

IMF pleads with bilateral creditors to support Ghana secure a bailout 

The minority caucus has taken parliament for a ride – Kyei-Mensah-Bonsu 

Ghana needs a pragmatic leader – Ken Agyapong on the ban of importation of used cars

TAGGED: 1familyradio, CassielAtoForson, ghanamedia, ghanapolitics, membersofparliament, PresidentAkuffoAddo
1Family Radio March 9, 2023
Share this Article
Facebook Twitter Copy Link Print
Share
Previous Article Government must compensate all affected persons of the military swoop – Mahama 
Next Article Our society respects only the dead – Charlotte Osei
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
11.6k Followers Pin
56.4k Followers Follow
136k Subscribers Subscribe
4.4k Followers Follow
- Advertisement -
Ad imageAd image

Latest News

Speaker of Parliament suspends sitting over confusion in the house 
IMF pleads with bilateral creditors to support Ghana secure a bailout 
The minority caucus has taken parliament for a ride – Kyei-Mensah-Bonsu 
Ghana needs a pragmatic leader – Ken Agyapong on the ban of importation of used cars
Envato
@envato
1.5k Following
71k Followers
@pasteIdepizza Glad to inform all issues with the Elements website are fixed. You can check our website's status he… https://t.co/kMJxUJc9bk 5 hours ago
@pasteIdepizza Glad to inform all issues with the Elements website are fixed. You can check our website's status he… https://t.co/kMJxUJc9bk
@ErinnBlanch Glad to inform all issues with the Elements website are fixed. You can check our website's status here… https://t.co/0NyQpwvwiK 5 hours ago
@ErinnBlanch Glad to inform all issues with the Elements website are fixed. You can check our website's status here… https://t.co/0NyQpwvwiK
@Fazil05Mk Hi there, how can we help you? 13 hours ago
@Fazil05Mk Hi there, how can we help you?
//

We influence 20 million users and is the number one business and technology news network on the planet

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form id=”847″]

1Family Radio1Family Radio
Follow US

© 2022 1Family Radio. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?