PNC makes strong recommendations to save Ghana from economic crisis

The opposition People’s National Convention (PNC) has submitted an 8-pointer proposal to government in finding solutions to the current economic challenges.

Signed by General Secretary Janet Asana Nabla, the proposal also called for the need for all to work together in finding a way out of the challenges.

Among the recommendations, the PNC urged government to, as a matter of urgency, revamp the operations of the Metro Mass Transit Limited (MMT) and other public transport agencies within three months “to minimize the rising cost of transportation especially within the cities and to offer free ride to school going children and the elderly”.

“We recommend to the government to clamp down on the pricing of items in dollars,” it also stated, adding that the Foreign Exchange Act, 2006 (Act 723) must be enforced.

Find the recommendations below:

GHANA’S ECONOMIC CRISES, THE RECOMMENDATIONS OF THE PNC

The President of the Republic, HE Akuffo Addo, has asserted that the country is in crises and
we need to work together in finding lasting solutions to the quagmire we find ourselves as a
sovereign nation. This is the position of the People’s National Convention on the current
hardship facing our dear nation. We agree that the economy is in recession. It is against this
backdrop that we submit this proposal to the government in finding solutions to the challenges we are facing.

1. The general increases in prices of goods and services, are obviously being driven by
the unprecedented increases of petroleum prices exacerbated by the free fall of the
Ghana Cedi. We commend government initiative to import cheap petroleum products
as a short–term measure to stabilize prices. Again we recommend that, government
should take charge of the importation and pricing of petroleum products to ensure prices
are affordable by the ordinary Ghanaian. Government should not pay attention to the
few individuals trying to thwart its efforts by saying it is impossible. Meanwhile,
government must hasting the operationalization of the Tema Oil Refinery and other
refineries under construction to help permanently bring fuel prices under control.

2. PNC welcomes the decision by government to reduce the importation of certain foods
and beverages into the country. This is not going to be easy however, more proactive
measures must be taken in planning to wean us off importation of products we can
produce locally.

3. We recommend that, government should regulate and be part of the importation of rice
and other essential products into the country. Government through the Buffer Stock
Company must buy the local rice from producers and equally be in control of the
amount of rice imported into the country. Government guaranteeing market for local
rice producers will encourage local rice farmers to scale their production thereby
leading to self reliance in the production of rice. This should be replicated in the
production of other food stuffs.

4. Again, the total reliance on private sector in this hard times to be sole importers of
essential commodities, has not been helpful, as businesses are taking advantage of the
situation by selling essential commodities at exorbitant prices. Government must take steps to control the importation of certain essential commodities into the country to
ensure affordable prices of such commodities.

5. We recommend to the government as a matter of urgency to revamp the operations of
the Metro Mass Transport (MMT) and other Public Transport Agencies within three
months to minimize the rising cost of transportation especially within the cities and to
offer free ride to school going children and the elderly. Mini–buses should be added in
their fleet of vehicles to augument the already existing ‘trotro’ and help serve as a check
on their charges.

6. We recommend on the government to clamp down on the pricing of items in dollars.
We would like the government to enforce the Foreign Exchange Act, 2006 (Act 723)
which prohibits pricing, advertising and receipt or payment for goods and services in
foreign currency in Ghana. The sole legal tender in Ghana is the Ghana Cedi (GHC)
and Ghana Pesewa (Gp) and anyone who will violate this act be it hotels, companies,
institutions or individuals should be severely punished to serve as deterrent.

7. The call for government to cut down on its appointees is justifiable. Government move
to continue the reduction of its appointee’s salary by 30% was commendable but it is
not being seen to be a great sacrifice as such, we recommend that, the government cut
down the number of appointees and put the remaining ones on full salary for them to
be well motivated to meet performance expectations. This singular act will bring back
the credibility and the trust the government need from Ghanaians.

8. The PNC calls on fellow Ghanaians to remain resolute and be optimistic of getting out
of these difficult times. Let us all, and as individuals conduct our businesses in a way
that should not cause fear and panic, which will further ruin us all.

source: 3news.com