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Ghanaians declare Nana Addo’s Address empty lies, disrespectful and waste of time

Indeed, some steps have been taken to restore order in the forex markets and we are already beginning to see some calm returning. We will not relent until order is completely restored. The following actions have been taken thus far: 1) enhanced supervisory action by the Bank of Ghana in the forex bureau markets and the black market to flush out illegal operators, as well as ensuring that those permitted to operate legally abide by the market rules. Already some forex bureaus have had their licenses revoked, and this exercise will continue until complete order is restored in the sector; 2) Fresh inflows of dollars are providing liquidity to the foreign exchange market, and addressing the pipeline demand; 3) the Bank of Ghana has given its full commitment to the commercial banks to provide liquidity to ensure the wheels of the economy continue to run in a stabilized manner, till the IMF Programme kicks in and the financing assurances expected from other partners also come in; 4) Government is working with the Bank of Ghana and the oil producing and mining companies to introduce a new legal and regulatory framework to ensure that all foreign exchange earned from operations in Ghana are, initially, paid to banks domiciled in Ghana to help boost the domestic foreign exchange market; and 5) the Bank of Ghana will enhance its gold purchase programme. I am confident that these immediate measures designed to change the structure of our balance of payment flows, sanitise the foreign exchange market to ensure that the banks and forex bureaus operate along international best practices, together with strengthened supervision, will go a long way to sanitize our foreign exchange market, and make it more resilient against external vulnerabilities going forward. Full Address By President Nana Addo On The Economy Watch President Akufo-Addo's Live Address on the Ghanaian Economy

Ghanaians declare Nana Addo’s Address empty lies, disrespectful and waste of time. The general public believes Nana Addo hasn’t said anything that will benefit the country soon.

Clearly, Ghanaians are disappointed by the address on the ailing Ghanaian economy by President Akuffu Addo. Reactions from social media show that nearly all the neutrals and politically skewed citizens are highly disappointed in the President.

Albert Nat Hyde @BongoIdeas Tweeted that “Everything Nana Addo said in his address is a lie, an insult to the intelligence of Ghanaians and a gross display of arrogance & incompetence. He took responsibility for nothing and only wanted to come across as that guy who’s on top of issues. He’s living in a fool’s paradise.”

He went ahead to ask if Nana Addo was the president or if it was John Mahama. According to him, there was substance in the address by the former President delivered on 27th October compared to that of Nana Addo on 30th October.

“You listen to Mahama speak on the economy and you listen to Nana Addo speak on the economy, and you wonder who the real President is.” He Tweeted

Ghanaians only bully people they consider weak or soft.
When dollar was 3ghc,everybody wanted to have Mahama’s head. Dollar is now 15ghc,and I double dare you cowards to protest against Nana Addo.
Tribal bigots and hypocrites
— sa__dick🇪🇸OBE🎖 (@itz_Afellay) October 29, 2022

@Daisey_Boateng also reacted to the address on the economy and described the speech as “Very disrespectful and you wasted our time.”

“Dear Nana Addo, You basically blamed us for the economy from not paying taxes and speaking out when we are suffering without accepting responsibility for your bad management. THIS IS OUR LIVES YOU ARE PLAYING WITH. Very disrespectful and you wasted our time.”

Dear Nana Addo,
You basically blamed us for the economy from not paying taxes and speaking out when we are suffering without accepting responsibility for your bad management.
THIS IS OUR LIVES YOU ARE PLAYING WITH. Very disrespectful and you wasted our time. pic.twitter.com/LEq34JzkAx
— 🌼 Daisey💫🌟🪐⚡ (@Daisey_Boateng) October 30, 2022

Our checks on Nana Aba’s page on Facebook was not that different from the general sentiments shared by Ghanaians on Twitter.

Nana Aba posted on here page saying…

“No apology. No acceptance of responsibility. Nothing, absolutely nothing!

Just waffle!!”

“This was supposed to be a message of hope.

Fellow Ghanaians, are you hopeful?

Do you still trust this government to take us out of this pit?”

Gun don’t kill people, people kill people. Nana Addo, you’re killing Ghanaians. So far so empty. You’re didn’t say anything tangible,your speech was empty.

However, while addressing the nation, Nana Addo outlined 5 actions taken that are expected to deal with the current poor economy condition.

“Indeed, some steps have been taken to restore order in the forex markets and we are already beginning to see some calm returning. We will not relent until order is completely restored. The following actions have been taken thus far:”

1) enhanced supervisory action by the Bank of Ghana in the forex bureau markets and the black market to flush out illegal operators, as well as ensuring that those permitted to operate legally abide by the market rules. Already some forex bureaus have had their licenses revoked, and this exercise will continue until complete order is restored in the sector;

2) Fresh inflows of dollars are providing liquidity to the foreign exchange market, and addressing the pipeline demand;

3) the Bank of Ghana has given its full commitment to the commercial banks to provide liquidity to ensure the wheels of the economy continue to run in a stabilized manner, till the IMF Programme kicks in and the financing assurances expected from other partners also come in;

4) Government is working with the Bank of Ghana and the oil producing and mining companies to introduce a new legal and regulatory framework to ensure that all foreign exchange earned from operations in Ghana are, initially, paid to banks domiciled in Ghana to help boost the domestic foreign exchange market; and

5) the Bank of Ghana will enhance its gold purchase programme.

I am confident that these immediate measures designed to change the structure of our balance of payment flows, sanitise the foreign exchange market to ensure that the banks and forex bureaus operate along international best practices, together with strengthened supervision, will go a long way to sanitize our foreign exchange market, and make it more resilient against external vulnerabilities going forward.

Tags: Nana Addo's Address empty lies