Renowned Economist, Kusi Boafo, professed that government will wait for two years before the dipping economy will have a positive turn around.
He posited that despite the rich expertise of the Finance Minister, Ken Ofori-Atta, and Senior Minister, Osafo Maafo, to help solve the economic problems facing the country, Ghana’s economic fundamentals are too weak to see signs of improvement within the first year of the Akufo-Addo-led administration.
Kusi Boafo thus predicted that Ghana’s economy was to show positive signs in 2019; urging Ghanaians to understand that things will not change overnight.
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Akufo-Addo can’t solve economic challenges within 2 years - Economist
According to him, Ghana’s economic fundamentals are too weak to see signs of improvement within the first year of President Akufo-Addo’s administration.
Speaking to the choice of Mr. Ken Ofori Atta for the Finance Ministry and Hon. Osafo Maafo as Senior Minister by President Akufo-Addo, Mr. Kusi Baofo on Okay FM’s 'Ade Akye Abia' Morning Show said they have rich experience to help solve the economic problems.
He stressed that despite the economic prowess of the appointees like; Ken Ofori Atta, Hon. Osafo Maafo and Dr. Anthony Osei Akoto, Ghana’s economy will show positive signs in 2019; urging Ghanaians to understand that things will not change overnight.
"Akufo-Addo’s government cannot solve all the challenges within a year or two and Ghanaians must understand that things will not change overnight. Ghana has weak economic fundamentals and it will take experience and hard working appointees to do better negotiations to resolve our economic fundamentals,” he averred.
He again emphasized that “without economic fundamentals, we cannot develop and restore confidence in Ghanaians; they need deeper understanding of the economic situation and the people who have been packed at vantage places of the economy will help strengthen the weak economy.”
He hinted that though the economy is weak, the country has potentials to overturn the economic situation; reiterating it will take hard work, determination, honesty and knowledge to make it a reality.
“Ghana’s economic success will take a while because managing the economy is not practicing magic,” he stressed.