President Nana Addo Dankwa Akufo-Addo on Thursday met with the leadership of the National Union of Ghana Students (NUGS), to hear their concerns and suggestions regarding the outcome of the government’s negotiations with the IMF and the 2023 Fiscal Budget.
The meeting with the NUGS on Thursday, according to President Akufo-Addo, forms part of the government’s broader consultations with various stakeholders in the country, to solicit their views on how to address the economic crisis that confronts the country.
President Akufo-Addo said the country was facing a very challenging economic crisis and there was a need to have a broader stakeholder engagement to find a workable solution to addressing the problems.
The rapid depreciation of the Cedi together with supply shortfalls had largely been responsible for the unprecedented high inflation rate, which is 32.7% as of September this year.
The country’s fiscal and debt levels are approaching unsustainable levels which had raised concerns in the investment community.
President Akufo-Addo said the consultations were to have a broad base of inputs as possible in both the processes of the negotiations with the IMF and the 2023 Budget so that the government was assured of carrying broad base support of the country.
That, the President said, was his motivation for inviting some stakeholders including the NUGS to the Jubilee House to express their views and what they thought were the salient matters that concern them.
The NUGS President, Denis Appiah Larbi Ampofo thanked President Akufo-Addo for recognising young people as key stakeholders in the country’s governance system and “not subject us as victims of tokenism at this point.”
Rex Mainoo Yeboah, ISD