{"id":252477,"date":"2024-11-18T23:10:18","date_gmt":"2024-11-18T23:10:18","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/18\/current-economic-woes-worse-than-1999-2000-crisis\/"},"modified":"2024-11-18T23:10:18","modified_gmt":"2024-11-18T23:10:18","slug":"current-economic-woes-worse-than-1999-2000-crisis","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/18\/current-economic-woes-worse-than-1999-2000-crisis\/","title":{"rendered":"Current economic woes worse than 1999-2000 crisis"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Goosie Tanoh, Chairman of the National Democratic Congress (NDC) Manifesto Committee on Employment and Job Creation, has delivered a scathing critique of the Akufo-Addo administration, accusing it of exacerbating Ghana\u2019s economic challenges.<\/p>\n<p>Speaking on The Point of View on Channel One TV with Bernard Avle, Tanoh described the current economic crisis as worse than the difficulties experienced between 1999 and 2000.<\/p>\n<p>Tanoh credited the Provisional National Defence Council (PNDC) government with steering Ghana away from the brink of collapse during its tenure.<\/p>\n<p>\u201cIt saved this country from becoming a failed state,\u201d he emphasized.<\/p>\n<p>He attributed the nation\u2019s economic woes to systemic failures, faulting the government for its inability to address deep-rooted structural issues.<\/p>\n<p>Tanoh argued that meaningful progress requires a shift from short-term fixes to long-term, sustainable solutions.<\/p>\n<p>The comments come amid growing discontent over the country\u2019s economic trajectory, adding to the debate over leadership and economic management ahead of the 2024 general elections.<\/p>\n<p>\u201cWhat was the debt-to-GDP ratio in those days? There\u2019s no more HIPC at the moment, all you have is the G20 framework, OCC and the Eurobond. The reality of the matter is that whether it is PNDC, NDC or New Patriotic Party (NPP), the problems we have are structural. And people keep saying that but they refuse to address it.\u201d<\/p>\n<p>He advocated the NDC\u2019s 24-hour initiative as a means to revitalize the economy.<\/p>\n<p>\u201cOne of the reasons why the 24-hour economy is being promoted and utilised as a benchmark for transformation is that you have to achieve the efficiencies in this economy that allow you to go and expand your productive output and the only way you do is to harness those resources.\u201d<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"xZenAoUoLT\">\n<p>Kufuor\u2019s endorsement reflects confidence in Bawumia\u2019s leadership \u2013 Karbo<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cKufuor\u2019s endorsement reflects confidence in Bawumia\u2019s leadership \u2013 Karbo\u201d \u2014 Citinewsroom - Comprehensive News in Ghana\" src=\"https:\/\/citinewsroom.com\/2024\/11\/kufuors-endorsement-reflects-confidence-in-bawumias-leadership-karbo\/embed\/#?secret=detZ9X5kiW#?secret=xZenAoUoLT\" data-secret=\"xZenAoUoLT\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p><strong><em>#GhanaPolls2024<\/em><\/strong><\/p>\n<p><strong><em>#CitiVerify<\/em><\/strong><\/p>\n<p><strong><em>#ElectionBureau<\/em><\/strong><\/p>\n<p>\u2014\u2013<\/p>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU: https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<p><em><strong>No spam, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital<\/strong><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Goosie Tanoh, Chairman of the National Democratic Congress (NDC) Manifesto Committee on Employment and Job Creation, has delivered a scathing critique of the Akufo-Addo administration, accusing it of exacerbating Ghana\u2019s economic challenges. Speaking on The Point of View on Channel One TV with Bernard Avle, Tanoh described the current economic crisis as worse than the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":252478,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-252477","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Current economic woes worse than 1999-2000 crisis - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/11\/18\/current-economic-woes-worse-than-1999-2000-crisis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Current economic woes worse than 1999-2000 crisis - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Goosie Tanoh, Chairman of the National Democratic Congress (NDC) Manifesto Committee on Employment and Job Creation, has delivered a scathing critique of the Akufo-Addo administration, accusing it of exacerbating Ghana\u2019s economic challenges. 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