Former Deputy Minority Leader and Member of Parliament for Ketu North Constituency, Mr. James Klutse Avedzi has stated that the majority of Ghanaians are suffering because economic policies by the current Government favour only a few.
According to him, the Ghanaian economy was in a very bad state now under the current Government and almost everybody was feeling it.
He explained that the economy was bad because the policies favoured only a few people in the entire country.
Mr. James Klutse Avedzi was speaking on Atinka TV yesterday
“The Ghanaian economy is very bad and all of us can feel it,” he said.
When asked why the economy was bad, he explained,” It depends on the economic policies adopted by the current Government. If the economic policies do not favour the majority of the people, the majority of the people will suffer and that policy might favour very few people. But if you are better off and it does not translate to the greater majority, that is where the majority will be suffering.”
Klutse Avedzi continued, “For instance, if the Government wants to borrow because the Government knows that it is my own company- that is the advisor to Government. So, anytime Government wants to borrow, there is a percentage that the transactional advisor takes, that comes to me as an individual. I will be happy to continue borrowing. But once you are borrowing and you cannot pay back, it pushes the economy to the extent that certain things that you are not supposed to do, you will do and the people would have to suffer. You impose more taxes, you increase the rate of existing taxes and that goes down to affect the people and that is what we are experiencing now.”