The current economic challenges didn’t begin today, they can’t be wished away with patriotic pleas – Terkper

 Seth Terkper, a former Finance Minister, has advised the government to show remorse for the poor decisions that led to the current economic difficulties.

Mr. Terkper believes that the current difficulties, which he stated did not begin today, cannot be resolved through government pleas.

"Some empathy and regret will help the correction, yet it seems missing," Mr. Terkper wrote in a tweet. The current situation did not start in the present. Therefore, patriotic appeals cannot and should not be used to get rid of it. Being corky spread across the globe after the citizens' concerns about the situation were ignored.

“We did a U-turn for COVID loans and Special Drawing Rights, but we exited programs with fanfare. We abandoned the Debt Suspension plan, but we continue to appeal to prominent patrons of the same organizations and schemes for assistance in restructuring our mounting debt. As we consult agitated domestic customers, we also pray. dawns the truth.

He continued, "It is partly our propensity to increase expenditures while revenues remain stagnant." Then, BoG reduces its deficit financing [from zero] so that it is no longer able to borrow money. Inflation, currency devaluation, and default are the outcomes of depleting BOG domestic and external reserves.

"We really feel that the government has listened to us, that we are being treated with humanity, and that we are protecting the poor, widows, orphans, and the elderly who have worked for this country. We cannot put our heads under the sun and pretend that we are not in a crisis.

He told Pensioner bondholders on Monday, February 6, who have resisted their inclusion in a domestic debt exchange program, "We need to be mindful that we really need to be successful in going to the fund by this March to avoid what we all experienced last year, which we all don't want to experience again."

Mr. Ofori-Atta said in a statement that he further released that the only reason the government is "taking this rather difficult road is to restore macro-economic stability, achieve debt sustainability, and get the economy fully back on track." We are aware that these are necessary prerequisites for job creation; preserving and increasing incomes; fostering growth for all; and giving Ghanaians new hope."

Indeed, "Surely there is a future, and your hope will not be cut off," declares the Grace of God. Read also Proverbs 23:18 ESV: "Our remarkable progress with the ongoing International Monetary Fund Programme is a significant boost to our recovery efforts," Terkper wrote to the government. "Employ people on merit." Our recent precipice will be further removed from us if we continue to make progress. As a result, the momentum needs to continue,” he stated.

He stated that it is essential for groups and individuals to consider the benefits of the enhanced DDEP in addition to the requirement for economic stability in light of the significance of a sustained economic recovery supported by an approved International Monetary Fund (IMF) program in the first quarter of 2023; and register by tomorrow to ensure its success.

Let every Ghanaian be encouraged by the DDEP's promise of stability, economic recovery, and transformative growth. We must collaborate on this.

“Government, on the other hand, is determined to continue making any and all necessary monetary adjustments that will guarantee that our sacrifices will be recouped and that the common good will be upheld. Let everyone contribute in their own way.

"These are difficult times, without a doubt, but if we remain united, we can and will overcome them stronger and more united than ever before. After that, we'll continue collectively to rebuild our economy; and make it possible for businesses to recover; and bring joy and hope to our homes once more."

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