A 2012 Independent Presidential candidate, Jacob Osei Yeboah has said many lives would have been lost if Ghanaian economists were medics following the poor diagnosis they’re administering to the state.
Instead of adopting measures that would save the situation once and for all, Mr. Yeboah says Ghanaian politicians rather adopt means that only worsen the situation.
Likening Ghana’s situation with malaria, he said leadership provide paracetamol to cure the headache that comes as a symptom of the ailment
“If our economists were doctors, we would have all died by now. When you have malaria, it gives you symptoms; fever, headache and things like that. If you take paracetamol, the headache and fever and all of that would go down but so far as the parasite is concerned, it will come out in a worse situation and this is what we are suffering,” he analyzed.
He held the means government has adopted so far will do nothing to redeem the plummeting economy but rather worsen it.
“Now that we are suffering from exchange rate, all what measures they’ll be putting in place is just something to temporary stop the rate at which the exchange rate is depreciating but that is not the solution.
“When we go back and then look at the fundamentals, looking at the value chain that we can get from cocoa, from gold, from manganese and all of that, aggregating all of these together, the exchange rate would by all means stop depreciating and then we can then be in a state of having a lot of foreign exchange,” he said until that –systems economy –is done, things would be worse.
By Felix Anim-Appau|Onuaonline.com
