Dean of Business School of the University of Ghana, Professor John Gatsi has no confidence in the New Patriotic Party’s “Breaking the 8” Agenda due to the government’s cumulative record.
In an interview on Eyewitness News monitored by opemsuo.com, Prof. Gatsi stated that It is a cumulative effect that will determine whether or not the government retains power in the 2024 general elections.
But he said that “this issue of overborrowing, depreciation of the currency, did start not today so the Ghanaians are building up a cumulative effect for the government. You remember the vice president said that he had overcome the depreciation, locked up depreciation and given the key to the IGP which meant that he had the ability to stop depreciation.
“Ghanaians are aware that the value of the cedi to the dollar was GHc4.20p before they took power and they told us that they had the fortitude to contain it but now we are talking about the region of GHc7.80ps there about. That is what Ghanaians are looking at. It’s a cumulative effect and it goes to other indicators.
“The signal of this cumulative effect is that Ghanaians are not satisfied that the economy has been handled well”.
According to him, the eight-year cycle is not just an event that takes place but is based on the track record of the government from their first term to their second term in office.
He notes that the cycle hasn’t yet been broken because none of the governments in the 4th Republic delivered to the satisfaction of Ghanaians in their two terms.
The NPP says it is bent on making records by breaking that cycle.
Source: opemsuo.com/Hajara Fuseini