In response to former president Mahama of the opposition Nationwide Democratic Congress get together (NDC), the nation faces extreme challenges, together with rising inflation, a depreciating forex, and a deeply unbalanced macroeconomic framework.
“We have hit a lifeless finish. Our economic system is in disaster, and all the things else has a linkage to the economic system. Inflation is up. We now have a depreciation forex, and our complete macroeconomic, framework is unbalanced,” he informed World South World in an interview.
He emphasised the pressing want for fiscal reforms to deal with these points and pressured that such reforms ought to transcend the economic system and lengthen to governance as effectively.
“Whenever you use your cellphone and it will get frozen, what do you do? You reset it, you restart it. And so we have to restart,” Mahama stated.
The previous president says if he wins a brand new time period in workplace, he’ll search to renegotiate phrases of a $3 billion Worldwide Financial Fund bailout, which was secured final yr to restructure the West African nation’s debt.
Mahama’s remarks come as he prepares to problem incumbent President Nana Addo Dankwa Akufo-Addo’s Vice President, Mahamudu Bawumia, within the upcoming December 7, 2024, elections. This might be Mahama’s second try at regaining the presidency after dropping the 2020 election to incumbent president, Akufo-Addo.
There are ten different candidates within the race, together with impartial contenders Nana Kwame Bediako and Alan Kyerematen, who’re anticipated to attract votes away from the 2 main candidates.
With Ghana dealing with critical financial challenges, Mahama’s name for a “complete reset” of the nation’s financial and governance programs is ready to be a central theme of his marketing campaign as he seeks to reclaim the presidency in 2024.
Watch the complete interview beneath:
