What John Mahama said at 8th Ghana CEO summit [FULL SPEECH]
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Former President John Dramani Mahama addressed the 8th Ghana CEO Summit in Accra on Monday and said “unemployment has jumped to 14.7 per cent from 8.5 per cent in 2017, the highest level recorded in the history of the 4th Republic,” he said.
He said inflation on its part was above 25 percent, and the current interest rates range between 30and 50 per cent.
The former President said the exchange rate, which was previously at 4.00 Ghana Cedis to the US dollar, has crossed the 15 Ghana Cedi threshold, and there appears to be no end in sight to the deterioration of the cedi.
“Despite this, the government remains unconcerned, unwilling to cut expenditures, and continues to spend more on creature comforts instead of investing in the transformational infrastructure that will propel this nation forward.”
Vice President Bawumia’s counter of Mahama’s position at the CEO Summit
At the 8th Ghana CEO Summit, Vice President Dr. Mahamudu Bawumia joined the debate remotely via the internet and counted former President Mahama’s position as the two engaged in a spirited exchange of ideas and policies.
The debate, a highlight of the summit, brought together two of Ghana’s prominent political figures to discuss critical issues affecting the Ghana’s economy and development.
It was an interesting spectacle to behold following developments as the event was ongoing.
