Mr Takyi Addo, the Spokesperson for the Spare Parts Dealers Association, has chastised President Nana Akufo-economic Addo's management team for being more vocal about their abilities than about economic management.
In an interview with Starr FM, Mr Addo urged Akufo-Addo to consult with better economists in order to turn the economy around and to fire Vice President Dr Mahamudu Bawumia for his economic failures.
The depreciation of the Cedi, according to Mr Addo, demonstrates that Dr Mahamudu Bawumia is all talk and no action, and that the government must eat humble pie and consult economists from previous administrations for solutions to Ghana's current economic malaise.
He added that instead of putting measures in place to stop the continuous fall of the cedi, Dr Bawumia is focusing on his presidential ambitions.
"The dollar is running like Usain Bolt, but the government needs to eat their humble pie and consult more professionals, as well as previous administrations, because there are more people who can help."
Better economists can be found in the Rawlings administration, the Kufuor administration, the Mills administration, and the Mahama administration, or in our universities. We need to give them a week so that they can travel to Peduase and bring solutions.
"Because for the time being, Bawumia has failed, he has failed the economy; now we know what he can do; the only thing he can do is go around, meet people, and talk about digitalization." He can't even get the economy to work.
"When the NPP took over in 2016, the dollar was 3 cedis 97 pesewas after the swearing-in it went to 4 cedis 20 pesewas now it is 10 cedis 10 pesewas, whose fault is it, it is the Vice President, He can't even manage the small office as Vice President, how much more the entire nation."
see also: COVID, Russia-Ukraine conflict Ghana - A top IMF official insists
Gerry Rice, Director of the International Monetary Fund's (IMF) Communications Department, has reiterated the devastating effects of the global pandemic COVID-19 and the Russia-Ukraine conflict on Ghana's economy, as well as other economies around the world.
According to him, many countries, including Ghana, were already vulnerable to the COVID-19 pandemic when the Russia-Ukraine conflict erupted, causing them to suffer even more.
"I would say, as I said, the war in Ukraine has triggered a global economic shock that is hitting Ghana and, as I said, many other countries, and all at a time when, for many of these countries, their room for fiscal maneuver, if I could put it that way, is already extremely limited because they've used a lot of fiscal power already in the pandemic," he is quoted as saying by citinewsroom.com.
His remarks come after some Ghanaians, including former President John Mahama, disputed the IMF's MD's assertion that Ghana's economic problems were caused by external factors.
According to Gerry Rice, the IMF is aware of the difficulties that countries are facing and is taking steps to help them recover.
"And we're well aware of it. And that is why, as I mentioned earlier, we are stepping up to help countries where we can, including Ghana," he emphasized.
On the timetable for Ghana's expected $3 billion from the Bretton Woods institution, he stated, "I don't have a date for you, but [it will be] in the coming weeks."
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