Senchi consensus: NPP offers alternatives

The National Patriotic Party (NPP) has accused the Mahama-led administration of being in a state of denial and has downplayed the effectiveness of the Senchi Consensus.
At a press conference in Accra on Monday, the party said “the Senchi Consensus failed to address the issue of corruption as a bane of the country’’.
The NPP, therefore, outlined alternatives which they say will turn the economic fortunes of Ghana around.
Addressing the press conference, dubbed “The true state of the economy and a government in a state of denial: The NPP’s response to the Senchi Consensus, and connected matters’’ Minority Leader of the NPP, Osei Kyei-Mensah-Bonsu, said, “assessment of the Ghanaian economy so far points to an economy with weak and deteriorating fundamentals.”
He noted that the economy is saddled with increasing inflation, high interest rates, declining real GDP growth, massive increase in the public debt stock and huge and increasing central bank financing of government, among others.
The NPP further offered policy proposals which they advised the government to implement as soon as possible to deal with the current crisis facing the economy.
“The government has to admit that the economy is in crisis so that it can carry the country along and get public support for the tough remedial measures it may have to take. The treatment of an ailment is as good as its diagnosis. The denial must stop. The problem will not go away by refusing to acknowledge it,’’ the NPP noted.
Source: citifmonline