Renowned sports journalist Saddick Adams made a post expressing his frustration over the latest development of some traders hoarding goods and charging exorbitant prices for goods and services.
Saddick Adams sort of called for the Military to intervene the nib the negative development in the bud. “Like joke like joke, perhaps we need a few honest military men to step into the markets. What’s happening is close to hoarding and extortion. Some are refusing to sell commodities and others treacherously inflating prices. It’s a silent conspiracy.” -Saddick tweeted about an hour ago.
In response, John Brown told Saddick that if that is the line he wants things to take, then he’ll be begging the same military to run the affairs of the country by next week. “Next week by this time you’d be begging for the Military to run the whole country” – Brown submitted.
Saddick Adams came back to reply “as for that they can’t. Let them stay with the Galamsey.”
The economic crisis facing the country is getting worse on daily basis. Most Ghanaians have begun expressing their loss of trust in the current administration’s ability to steer the nation back on track.
Government players seem not to be truthful with the citizenry about the true state of the economy and our challenges. The overexploited excuse of Russia-Ukraine and covid-19 being the major reasons for the economic disaster is fast failing to convince any well-thinking Ghanaian.
People who have started rejecting these excuses from the government are citing the seemingly better economic conditions of our neighboring countries and other African countries.
The depreciation of the cedi is worsening the Government’s chances of convincing Ghanaians that the Russia-Ukraine war is to blame. This is because, even Ukraine which is fighting the war, has its currency performing better than the cedi.
The Ghana cedi is currently the worst-performing currency in the world today. Traders are the hardest hit since our economy is largely import-dependent and international trade is run on US dollars.
The rate at which the cedi is depreciating means some traders may experience capital erosion if they sell at current prices. Hence the hoarding and overpricing of goods.
TC.Oceans
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