According to him, a study conducted by Old Mutual indicates that only 17% of Ghanaians have confidence in the economy.
Cudjoe highlighted that 70% of the population are grappling with financial distress, painting a bleak picture of the economic landscape.
He took to social media to lament about the said development
"Only 17 % Ghanaians have confidence in the economy. 70% are financially distressed"- Old Mutual study. This is what matters now & 2028! Who can deliver us from this hell?JM, Bawumia, Alan, Ayarigah, CPP or PNC?,” he said in an X post formerly known as Twitter.
"JM" refers to former President John Mahama, "Bawumia" to the current Vice President, Dr. Mahamudu Bawumia, "Alan" a former Minister of Trade and Industry, Alan Kyerematen, while "Ayarigah" is the flagbearer of the All-People’s Congress (APC), Hassan Ayariga, who are all prospective presidential candidates for the 2024 elections.
The Ghanaian economy has been a topical issue in recent months following a downturn occasioned by galloping inflation, a depreciating currency, and a general decline in the quality of life coupled with high cost of living.
The government has serially blamed the aftermath of COVID-19 and the Russia-Ukraine war before submitting to a US$3 billion IMF loan last year, of which US$600 million as tranche one has been credited to government account.
AM/SARA
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Franklin Cudjoe, Founding President and Chief Executive Officer (CEO) of IMANI Centre for Policy and