{"id":255901,"date":"2024-11-26T14:26:35","date_gmt":"2024-11-26T14:26:35","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/11\/26\/get-your-data-right-before-speaking-on-the-economy-atuahene-to-amin-adam\/"},"modified":"2024-11-26T14:26:35","modified_gmt":"2024-11-26T14:26:35","slug":"get-your-data-right-before-speaking-on-the-economy-atuahene-to-amin-adam","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/11\/26\/get-your-data-right-before-speaking-on-the-economy-atuahene-to-amin-adam\/","title":{"rendered":"Get your data right before speaking on the economy \u2013 Atuahene to Amin Adam"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanaweb.com\/imagelib\/pics\/689\/68959984.295.jpg\" alt=\"Banking Consultant, Dr. Richmond Atuahene\" title=\"Banking Consultant, Dr. Richmond Atuahene\" width=\"295\" height=\"179\" \/> <span class=\"image_caption\"><span>Banking Consultant, Dr. Richmond Atuahene<\/span><\/span><\/p>\n<\/div>\n<div style=\"-webkit-user-select: none; -webkit-touch-callout: none; -moz-user-select: none; -ms-user-select: none; user-select: none;\">\n<p id=\"article-123\">Dr. Richmond Atuahene, a banking consultant, has said that anyone who wants to speak about the economy should first get the right data.<\/p>\n<p>This comes on the back of the Minister for Finance, Dr Mohammed Amin Adam, speaking at a rally in Saboba in the Northern Region, where he disclosed that Ghana is firmly on the path to sustained growth.<\/p>\n<p>\u201cGhana\u2019s economy has come back to life following the difficulties we faced in the last three years. Macroeconomic stability is fast returning to our country. We all can see the indicators improving by the day,\u201d Amin Adam stated.<\/p>\n<p>Responding to the Minister of Finance\u2019s comments on Morning Starr, Dr. Atuahene said that for the first time in history, Ghana is bankrupt, adding that there\u2019s nothing to celebrate but \u201cpoverty.\u201d<\/p>\n<p>According to him, the country currently has a debt of about $55 billion.<\/p>\n<p>\u201cAnd the multilateral has about $9 billion, the risk factor $13 billion, the domestic debt so much, the energy sector and the rest are not even included.<\/p>\n<p>\u201cThe reason being that you don\u2019t have any resources to support your business and you can\u2019t support your foreign exchange as well. So if anybody wants you to celebrate, ask yourself, what am I celebrating?\u201d he said.<\/p>\n<p>The consultant continued that aside from Nigeria, Ghana is the worst country with more than 20% consistent inflation.<\/p>\n<p>\u201cAll that you tend to do is be taxing, taxing, and overtaxing without creating an enabling environment. I say this without fear that aside from Nigeria, we are the worst country apparently,\u201d he added.<\/p>\n<p>Dr. Atuahene said the government should be crying and asking for forgiveness instead of saying the economy has turned around \u201cso we should celebrate.\u201d<\/p>\n<p>\u201cIf you look at the IMF definition of hyperinflation, Ghana is on that trajectory, so what do we have to celebrate?\u201d he said.<\/p>\n<p>The banking consultant further said he does not know the kind of data the Minister of Finance has that informed him to make that statement.<\/p>\n<p>He advised the Minister of Finance to get his facts and figures right before making such utterances.<\/p>\n<p>\u201cI\u2019m sorry, I don\u2019t know which kind of data he\u2019s having and where he\u2019s coming from. Inflation is way above,\u201d Dr. Atuahene stated.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Banking Consultant, Dr. Richmond Atuahene Dr. Richmond Atuahene, a banking consultant, has said that anyone who wants to speak about the economy should first get the right data. This comes on the back of the Minister for Finance, Dr Mohammed Amin Adam, speaking at a rally in Saboba in the Northern Region, where he disclosed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":231956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-255901","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Get your data right before speaking on the economy \u2013 Atuahene to Amin Adam - 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\/26\/get-your-data-right-before-speaking-on-the-economy-atuahene-to-amin-adam\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Get your data right before speaking on the economy \u2013 Atuahene to Amin Adam - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Banking Consultant, Dr. Richmond Atuahene Dr. Richmond Atuahene, a banking consultant, has said that anyone who wants to speak about the economy should first get the right data. 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