POLITICS

Ofori-Atta explodes in Parliament

Finance Minister, Ken Ofori-Atta has bemoaned that the President Akufo-Addo’s administration has been facing tough times healing the Ghanaian economy which he said was broken under former President Mahama’s government.

He noted that the healing process has not been easy; ‘it has been tough; it has been restraining.’

According to him, “the economy under the Mahama’s administration was in severe crisis.”

He said the economy was broken but has had to be fixed by the President Akufo-Addo’s administration.

Mr. Ofori-Atta said these in an address to lawmakers in Parliament today, March 28, 2019, on Ghana’s successful completion of the International Monetary Fund (IMF’s) Extended Credit Facility.

His address also focused on Ghana’s historic $3 billion Eurobond, and recent developments on the foreign exchange market and the Ghanaian cedi.

He noted that the year 2016 under the Mahama’s administration was characterized by excessive fiscal dominance more than what was observed in 2012 electioneering year.

That, he said, meant that it was impossible for Ghana to end the IMF’s ECF programme in 2018 as scheduled.

He outlined 27 achievements of the Akufo-Addo’s administration since assuming power over two years ago, which included 12 structural benchmarks.

He spoke about how government’s economic policies have helped stabilized inflation in Ghana and has brought about an overall macroeconomic stability.

 

Source: asempanews.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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