• About
  • Advertise
  • Privacy Policy
  • Contact
Thursday, October 23, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Government has Not Shown Any Seriousness In Tackling Economic Challenges – IMANI AFRICA CEO

M.Cby M.C
December 8, 2022
Reading Time: 3 mins read
M.Cby M.C
in General News, News
0
Government has Not Shown Any Seriousness In Tackling Economic Challenges – IMANI AFRICA CEO

Flanklin Cudjoe, CEO IMANI AFRICA

Franklin Cudjoe, the Chief Executive Officer of IMANI Africa, has stated that the Akuffo Addo led government has not shown any seriousness in dealing with the current economic crisis facing Ghanaians.

According to the CEO, feedbacks from meetings on the government’s planned debt exchange programme does not suggest in any way that the government is committed to tackling the economic crisis head-on.

“I mean the reports that I’ve been hearing from the meetings that are going on doesn’t seem to suggest to me that the government seems to be quite serious at all, in dealing with the urgent issues because we’re going to be in this quagmire for the next eight years if not 10, and I don’t see any ray of hope on the horizon given the way we’re behaving already.”

Franklin Cudjoe

Speaking in an interview, Mr. Franklin Cudjoe lamented over the government’s lack of sincerity in how it is dealing with the entire debt exchange programme. Mr Cudjoe, however, reiterated calls for the government to implement strict measures on itself by drastically cutting expenditure and reducing the size of government.

RelatedPosts

Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill

Attorney-General Dismisses Pressure Claims, Reaffirms Independence of Justice Ministry

AG to Charge Fmr Buffer Stock CEO and Wife with Multiple Criminal Charges

According to Franklin Cudjoe, the failure of government to even symbolically internalize these measures is partly responsible for the pushback against the government’s debt operation policy.

“I mean, there was a bit of insincerity in the way the whole communication between the committee that was set up to look into this debt exchange and the way announcements were made almost immediately because some aspects of the deal had been leaked to the public. So it does not evoke some sense of seriousness.

“Unfortunately, I’m not too sure that keeping things the way they are or should be will take us out of the doldrums. Something ought to give and it started with this so-called debt exchange programme. All we’re asking for is that you need to show some sincerity in asking everybody else to tighten their belts while you turn to loosen yours.”

Franklin Cudjoe

Ghana’s Economic Crisis

Ghana is grappling with runaway inflation as prices of basic commodities have spiralled. Government finances are also at their weakest in years. Ghana’s local currency, the cedi, for some months now has been referred to as the world’s worst performer against the US dollar, which is a signal of the depth of the country’s economic crisis.

Ghana has Coacoa, gold, oil and gas reserves, but its debt service payments are high and like the rest of the continent it has been hit hard by fallout from the global pandemic and the Ukraine war.

ADVERTISEMENT

This year, the country began talks with the International Monetary Fund (IMF) for a bailout programme that would restore economic stability. The idea is that it would enable the country to meet its payments to the rest of the world and restore the health of government finances. Ghana is hoping to receive as much as US$3 billion. This is the second time in the past three years and 17th since independence in 1957, that Ghana has turned to the IMF for help.

Finance Minister, Hon Kenneth Ofori Atta in his appearance during a censure hearing last month said that he was “truly sorry” for the country’s economic hardship but defended himself against accusations that he is unfit for the job. Hon Kenneth Ofori-Atta faced an inquiry from lawmakers for his financial management, as the government came under increasing pressure and President Nana Akufo-Addo faced growing criticism for what has become Ghana’s worst economic crisis in a generation.

READ ALSO: Ensure The Commission Goes Fully Digital – Akuffo Tells Land Commission

Tags: Debt exchange programeconomyghanaGovernmentIMANI Africa
Please login to join discussion
Previous Post

Let The President Pay Income Taxes Too- OccupyGhana Reacts To Debt Restructuring

Next Post

Reggae Artists Not Making It International – Rocky Dawuni

Subscription Form

Related Posts

Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill
General News

Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill

October 22, 2025
Attorney-General Dismisses Pressure Claims, Reaffirms Independence of Justice Ministry
General News

Attorney-General Dismisses Pressure Claims, Reaffirms Independence of Justice Ministry

October 22, 2025
ORAL Prosecutions: Allow AG To Hasten Slowly – Yendi MP
General News

AG to Charge Fmr Buffer Stock CEO and Wife with Multiple Criminal Charges

October 22, 2025
Ghana’s Attorney General and Minister for Justice, Dr. Dominic Akuritinga Ayine
General News

AG Exposes Lavish Real Estate Empire Built from Buffer Stock Loot, Dozens of Properties Frozen

October 22, 2025
Mr. Hanan Abdul Wahab, former NAFCO CEO
General News

AG Strikes against “Rumble in the Jungle” Corruption Syndicate at Buffer Stock Company

October 22, 2025
Attorney-General Orders EOCO to Probe NDC Executives Over Galamsey
General News

Auditor General Uncovers GHS 2.2bn Ghost Names Scandal at NSA

October 22, 2025
Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill
General News

Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill

by Silas Kafui AssemOctober 22, 2025
Louvre Director, Laurence des Cars.
Europe

Louvre Director Admits Security Failure

by Comfort AmpomaaOctober 22, 2025
Forestry Commission Shares Ghana’s Illegal Mining Plights with Zambian Delegation
Extractives/Energy

Forestry Commission Shares Ghana’s Illegal Mining Plights with Zambian Delegation

by Bless Banir YarayeOctober 22, 2025
Professionals question IMF’s Impact on Ghana’s Economy
Economy

Professionals question IMF’s Impact on Ghana’s Economy

by Michael Teye-Bio NaduteyOctober 22, 2025
Deputy Governor Hails Ghana’s GH¢3 Trillion Digital Payment Boom
Banking

Deputy Governor Hails Ghana’s GH¢3 Trillion Digital Payment Boom

by M.COctober 22, 2025
Israel’s Expansion Of Settlements In Occupied West Bank Slammed
Asia

Knesset Advances Bill To Impose Israeli Sovereignty On Occupied West Bank

by Comfort AmpomaaOctober 22, 2025
Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill
Louvre Director, Laurence des Cars.
Forestry Commission Shares Ghana’s Illegal Mining Plights with Zambian Delegation
Professionals question IMF’s Impact on Ghana’s Economy
Deputy Governor Hails Ghana’s GH¢3 Trillion Digital Payment Boom
Israel’s Expansion Of Settlements In Occupied West Bank Slammed

Recent News

Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill

Minority Accuses Government of Running Away from Anti-LGBTQ+ Bill

October 22, 2025
Louvre Director, Laurence des Cars.

Louvre Director Admits Security Failure

October 22, 2025
Forestry Commission Shares Ghana’s Illegal Mining Plights with Zambian Delegation

Forestry Commission Shares Ghana’s Illegal Mining Plights with Zambian Delegation

October 22, 2025
Professionals question IMF’s Impact on Ghana’s Economy

Professionals question IMF’s Impact on Ghana’s Economy

October 22, 2025
Deputy Governor Hails Ghana’s GH¢3 Trillion Digital Payment Boom

Deputy Governor Hails Ghana’s GH¢3 Trillion Digital Payment Boom

October 22, 2025
Israel’s Expansion Of Settlements In Occupied West Bank Slammed

Knesset Advances Bill To Impose Israeli Sovereignty On Occupied West Bank

October 22, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address