His claim is bolstered by the economy’s poor management, instances of rot and corruption, and the reality that some government figures continue to profit from the growing national debt.
In an interview last week on Oyerepa FM in Kumasi, the Ashanti Region’s capital, Otokunor claimed, “This government is a crime scene, the entire government is a crime scene. Crime scenes are places where criminal activity has taken place or is currently taking place.’
“The other day, Martin Kpebu claimed the president is the head of a crime syndicate (despite his apology), I am here to emphasize that fact. This government is a crime syndicate with the president as leader, he is a mafia lord.”
In seeking to substantiate his accusation, he cited Ghana’s increasing debt stock and the supposed role of the Finance Minister in the situation.
“I cannot fathom what makes a government that claims to love the nation and people, yet the Finance Minister leads a borrowing spree, to the tune of 400 billion, almost about 88% of GDP. And in all of this, a company he founded are transaction advisors to the borrowing and are earning huge sums of money,” he stressed.
He asserted that the Ghanaian people have to give the NDC the power to rule after the 2024 elections.
Rising inflation and a depreciating currency are the two main causes of the current economic crisis. The Ghana cedi has continued to be the worst-performing currency in Africa, according to a recent Bloomberg study.
According to the portal, the cedi was trading for more than GH10 per dollar as of August 20, 2022, having lost -28.82 percent of its value versus the dollar.
The currency may be headed for its worst performance in 25 years, according to this indication. But because of how poorly the cedi performed, inflation soared to a record high of 31.7 percent in July.
Databank, a company founded by Ken Ofori-Atta, Ghana’s finance minister, has recently drawn notice for its part in the nation’s borrowing on international financial markets.
Data banks and other financial managers are charged by the NDC with selecting bond advisors by secret ballot.
In response, the Ministry of Finance asserted that as of 2014, Ofori-Atta had no direct involvement in the company’s board or general management.
