Franklin Cudjoe praises finance minister for apology to Ghanaians

The Founding President of IMANI Africa, Franklin Cudjoe, has expressed his confidence in the Minister of finance’s ability to aid economic recovery.

According to him, the Minister of Finance, Mohammed Amin Adam, should have been the sector minister much earlier.

On his Facebook page, Franklin Cudjoe wrote: “Thank you, Finance Minister. We really should have had you much earlier.”

His post was in reaction to the minister's admission and plea for forgiveness for the current economic hardships that have plagued the country due to the Domestic Debt Exchange.

The IMANI President said he expects the same admission from Vice President Dr Mahamudu Bawumia and possible solutions to the country’s problems.

“When is Dr. Mahamudu Bawumia going to own up and do the same and then provide real believable solutions and ideas that will never ever get us into these rudderless economic storms again?

“Remember, the economy is what we know him for, not promising mobile phones on credit for jobless people. People need to have jobs and a dignified income first so they can buy their own mobile phones. People do not need the state to babysit and feed them. Many are thinking of survival before growth. Well, if he acknowledges these things, l might put in a word for him. It is possible for him to do these,” he wrote.

During a town hall meeting, Dr Mohammed Amin Adam said: “We decided to restructure our debts because it was one of the requirements by the IMF. We started with the domestic debt exchange programme, the domestic debt exchange programme was very successful, achieving 95 percent participation. On this note, I would like to appeal to the people of this country to forgive us.

“It is never the intention of any government to impose hardships on its people, more so the NPP government that has demonstrated that we want to reduce the burden of the Ghanaian people.”

He added “It was a necessary, important decision at the time. If we had avoided it our development or economy would not be what it is today. All the support you gave us during the DDEP has contributed largely to the recovery our economy is seeing today.

“This is why I want to appeal to you to forgive us but also to thank you on behalf of the president for the sacrifices, for the efforts that you all have made to participate in the DDEP,” he added.

SSD/NOQ