President John Mahama says Ghana’s
development partners have left the
cocoa-producing West African
country in the lurch, at a time when
their assistance is desperately
needed.
According to him, the country’s
development partners have not been
supportive of government’s
homegrown strategies in dealing with
the economic challenges confronting
the burgeoning oil producer.
“It is in challenging times that one
needs their friends. Unfortunately, our
development partners have not been
as responsive to our homegrown
fiscal stabilisation policy as I would
have hoped,” he stated.
He said government is in the process
of finalising the “Senchi Consensus,”
which proposes a number of
solutions to the current economic
crises – poor performing local
currency, rising fuel prices, soaring
utility tariffs, hikes in taxes, poor
power supply among a raft of other
problems.
The Senchi Consensus was reached
after a non-partisan National
Economic Forum some three months
ago. Government has been criticised
for the delay in implementing the
agreement reached at the forum.
Addressing members of the National
House of Chiefs on Wednesday July
16, the president said: “This year is a
turn-around year."
“We will begin to feel the effects of
economic recovery by the end of this
year,” he promised, but added: “We
however must learn to pull ourselves
up by our bootstraps. It is in
challenging times that one needs
their friends.”
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