Dalex Finance’s Chief Executive Officer has pleaded with President Akufo-Addo to take decisive action to address the country’s current economic crisis.
According to Ken Thompson, if the President does not act, there will be a looming poverty marked by business closures and job losses.
In an interview with Citi TV on Tuesday, November 1, Thompson, 61, went down on his knees and begged President Akufo-Addo to intervene.
“His Excellency, Nana Addo Dankwa, what I can see coming is not good. If you are watching, what I can see coming is not good. I can see poverty, I can see job losses, I can see business closures, I can see price of electricity going up.
“I lived through the 70s and I saw it when my parents came back from England. My mother bought a brand new Peugeot 403 and I can see how eventually she was not able to repair the car and she was involved in a car crash.
“She was actually coming to visit me and that was the end of it. I can remember how our carpets became threadbare and how chairs became broken and how we started wearing secondhand clothes. I have seen it.
“I am 61. I can’t do much about what is happening now but you can and I am begging you to please take decisive actions because I believe that you are capable,” he pleaded.
Ghana’s economy has recently been downgraded by international rating agencies to reflect the country’s inability to address its liquidity and debt issues.
With limited access to international financial markets and difficulties in raising domestic revenue to help the situation, Ghana has turned to the International Monetary Fund (IMF) for a $3 billion bailout.
President Akufo-Addo spoke to the nation on Sunday, October 30, about the steps his government was taking to address the current economic crisis, hinting that a deal with the IMF could be reached by the end of the year.
According to him, the country is likely to reach an agreement by December in order to receive the critical bailout it seeks.
Despite the general economic difficulties that Ghanaians are facing, the President stated in his address to the nation on Sunday that the government is committed to getting the economy back on track.
