Minister for Government Communications Felix Kwakye Ofosu has described the economic downturn that gripped Ghana in 2024 as “the worst crisis in Ghana’s history,” insisting that its severity was both unprecedented and avoidable.
Speaking on Friday, November 20, Mr. Kwakye Ofosu attributed the crisis not to global economic conditions but to what he called mismanagement under the leadership of former Vice President Dr. Mahamudu Bawumia, who served as head of the Economic Management Team during the period.
According to Mr. Kwakye Ofosu, the hardships suffered by Ghanaians in 2024 were the direct result of policy failures. He pointed to soaring inflation, currency instability, and difficulties in public finances as factors that combined to create a level of strain unseen in Ghana’s post-independence history. “The numbers and the lived experiences all point to a crisis of historic proportions,” he stated.
He further emphasised the stark contrast between the government’s public assurances and the daily realities endured by ordinary citizens. Despite repeated promises from the former Vice President and the then-ruling NPP government, Mr. Kwakye Ofosu argued that the administration failed to implement measures that could have cushioned the population against the worst effects of the downturn. Instead, austerity measures and high living costs pushed many households into severe distress.
Mr. Kwakye Ofosu dismissed claims that external factors were primarily to blame, noting that many other countries weathered similar global shocks without experiencing such acute hardship. He maintained that Ghana’s difficulties were amplified by poor decision-making and an overreliance on short-term, unsustainable policies.
He concluded that the 2024 economic crisis would remain a central issue in political debate as the nation heads toward its next general election. According to Mr. Kwakye Ofosu, Ghanaians will continue to demand accountability, particularly from Dr. Bawumia, as he seeks reelection to lead the NPP into the 2028 presidential race.
Source: Apexnewsgh.com
