{"id":1020656,"date":"2022-03-13T14:58:10","date_gmt":"2022-03-13T14:58:10","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/03\/13\/ghana-in-economic-distress-prof-kwesi-botchwey\/"},"modified":"2022-03-13T14:58:10","modified_gmt":"2022-03-13T14:58:10","slug":"ghana-in-economic-distress-prof-kwesi-botchwey","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/03\/13\/ghana-in-economic-distress-prof-kwesi-botchwey\/","title":{"rendered":"Ghana in economic distress &#8211; Prof. Kwesi Botchwey"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"464\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2021\/11\/fuygb-696x464.jpg\"   alt=\"\" title=\"Finance Minister, Ken Ofori-Atta\"\/><figcaption class=\"wp-caption-text\">Finance Minister, Ken Ofori-Atta<\/figcaption><\/figure>\n<\/div>\n<p>Former Finance Minister, Prof. Kwesi Botchwey, has painted a gloomy image of Ghana\u2019s economy describing it as one that is suffering grave distress.<\/p>\n<p>Prof Botchwey wants the government to thoroughly review the economy to cut down expenditure and avoid measures that will mortgage Ghana\u2019s future.<\/p>\n<p>He made these comments at a public lecture organised by the One Ghana Movement at the University of Ghana on Monday.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/03\/image-9-1024x500.png\" alt=\"Ghana in economic distress; policies have lost credibility - Kwasi Botchway\" class=\"wp-image-10032033943\" title=\"Ghana in economic distress; policies have lost credibility - Kwasi Botchway\"\/><\/figure>\n<p>\u201cWe are no longer seen as creditworthy. Our policies are no longer seen as credible in the face of the investor community,\u201d he said on Monday.<\/p>\n<p><!-- \/22191989129,1002554\/MGL\/mgl_ado_atunwa_300x250 --><\/p>\n<figure class=\"wp-block-image size-large td-caption-align-https:\/\/www.adomonline.com\/wp-content\/uploads\/2022\/03\/mini_Prof.-Kwesi-Botchwey-1.jpg\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"661\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/03\/1647183490_465_mini_Prof.-Kwesi-Botchwey-1-1024x661.jpg\" alt=\"\" class=\"wp-image-2088359\"  \/><figcaption>Former Finance Minister<\/figcaption><\/figure>\n<p>The NDC stalwart enumerated some of the challenges that, he believes, demonstrate the failures of the government currently.<\/p>\n<p>According to him, \u201cthe exchange rate at the forex bureaus is nearing 8 cedis to the dollar. Fuel prices at the filling stations have crossed the \u00a28 per litre bar. Inflation is back in double-digits nearing about 15 per cent.\u201d<\/p>\n<p>\u201cThe government is struggling to raise money locally and is accumulating arrears to several programmes; roads, school feeding, LEAP, even salaries,\u201d he added.<\/p>\n<p>The Independence Day event, which was held at the Cedi House of UG\u2019s Department of Economics, was under the theme \u2018On the State of the Nation\u2019s Economy and Politics: 65 years after independence \u2013 The Path to Sustainable Development and Democratic Consolidation.\u201d<\/p>\n<p>            <!--  [embed]https:\/\/www.youtube.com\/watch?v=videoseries[\/embed]<!--\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>--><\/p>\n<div class=\"youtube-embed\" data-video_id=\"t6B3I30lGQc\"><iframe loading=\"lazy\" title=\"Unlawful Possession of Narcotic Drugs: Three persons in court, one at large \u2013 Adom TV News (12-3-22)\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/t6B3I30lGQc?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister, Ken Ofori-Atta Former Finance Minister, Prof. Kwesi Botchwey, has painted a gloomy image of Ghana\u2019s economy describing it as one that is suffering grave distress. Prof Botchwey wants the government to thoroughly review the economy to cut down expenditure and avoid measures that will mortgage Ghana\u2019s future. He made these comments at a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":302170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[5747,1582,3010,85,3600,2280],"class_list":["post-1020656","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-botchwey","tag-distress","tag-economic","tag-ghana","tag-kwesi","tag-prof"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1020656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1020656"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1020656\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1020656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1020656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1020656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}