The opposition National Democratic Congress (NDC) has taken a stance against the government’s claims of stabilizing the economy, asserting that President Akufo-Addo’s administration’s fiscal irresponsibility is the root cause of the current economic challenges.

According to the NDC, the government cannot boast of stabilizing the economy without acknowledging its fiscal mismanagement as the cause of the prevailing economic turmoil. General Secretary of the NDC, Fifi Kwetey, directly called out the Finance Minister, Ken Ofori-Atta, labeling the government’s claims as an attempt to cover up their mismanagement of the economy.

In an interview with JoyNews’ Evans Mensah, the NDC raised concerns about the lack of acknowledgment from the government regarding its fiscal irresponsibility, which, according to the opposition party, has led to the current state of the economy.

“The kind of collapse we have seen in terms of the economy is one that requires a certain amount of humility. To rush quickly and want to start beating your chest and applauding, it indicates that somehow they have not learned as quickly as they should,” he said.https://www.youtube.com/embed/smlyt3NjDG8

He said, “by no means can you call this ‘turning the corner.’ In the first place, you can’t even call it turning the corner. A situation where inflation has gone up to over 50 per cent, and now they are trying to bring inflation down to some 30 or a little below 30, you call it turning the corner?”

Mr Kwetey further noted that the government is desperate to look good and as such claiming to have stabilised the economy.

He added, “the very fact that they still continue to let the country believe that the real reason why we are where we are is because of the Russia-Ukraine war and Covid-19 tells me that this is a group that simply has not accepted responsibility.”

Although he accepts that there were external economic shocks during the period, he believes, “those obstacles have been faced by other countries, but no country in West Africa or Africa has gone through what we’ve gone through.”

Mr Kwetey added that the government not accepting responsibility shows that they have no genuine remorse.

“There’s not even an acceptance of the real acts of irresponsibility, fiscal irresponsibility, and moral leadership irresponsibility that have brought us here. So to jump quickly and start celebrating worries me because it’s like you haven’t really learned. And therefore, if you are given an opportunity, you quickly run it down again.”