{"id":44341,"date":"2014-09-03T10:54:34","date_gmt":"2014-09-03T10:54:34","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=44341"},"modified":"2014-09-03T11:01:36","modified_gmt":"2014-09-03T11:01:36","slug":"tell-ghanaians-the-truth-about-economy-budu-koomson","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/09\/tell-ghanaians-the-truth-about-economy-budu-koomson\/","title":{"rendered":"Tell Ghanaians the truth about economy &#8211; Budu Koomson"},"content":{"rendered":"<p style=\"text-align: justify;\">The former\u00a0Chief Operations Officer of the UT Group, Captain Budu Koomson (Rtd.) has urged government to tell Ghanaians the truth about the state of the country&#8217;s economy in a bid to help manage the expectations of the people.<\/p>\n<p style=\"text-align: justify;\">Politicians, <span style=\"color: #666699;\"><a href=\"http:\/\/4cd.e16.myftpupload.com\/2014\/02\/21\/bad-leadership-behaviour-undermining-economy-prof-adei\/\" target=\"_blank\"><span style=\"color: #666699;\"><strong>analysts<\/strong><\/span><\/a><\/span> and <span style=\"color: #666699;\"><a href=\"http:\/\/4cd.e16.myftpupload.com\/2014\/08\/21\/bawumia-questions-bog-gss-inflation-and-exchange-rate-data\/\" target=\"_blank\"><span style=\"color: #666699;\"><strong>economists<\/strong><\/span><\/a><\/span> have criticized government for not taking pragmatic steps to save the ailing economy which has seen the cost of living rise significantly, amid huge budget deficit and significant depreciation of the Cedi against the major trading currencies.<\/p>\n<p style=\"text-align: justify;\">Although think tanks and various economists have described the economy as \u201csliding from bad to worse,\u201d <strong><span style=\"color: #666699;\"><a href=\"http:\/\/4cd.e16.myftpupload.com\/2014\/09\/02\/ghana-will-soon-be-the-shining-star-of-africa-mahama\/\"><span style=\"color: #666699;\">government disagrees<\/span><\/a> <\/span><\/strong>with them.<\/p>\n<p style=\"text-align: justify;\">Speaking in an interview with <b>Citi News<\/b> Mr. Budu Koomson stated that Government cannot continue to downplay what he calls the <strong><span style=\"color: #666699;\"><a href=\"http:\/\/4cd.e16.myftpupload.com\/2014\/06\/30\/ghana-is-retrogressing-under-mahama-nana-addo\/\" target=\"_blank\"><span style=\"color: #666699;\">retrogressing economic condition<\/span><\/a> <\/span><\/strong>in the country.<\/p>\n<p style=\"text-align: justify;\">\u201cThings are going from bad to worse and things are getting difficult. It\u2019s difficult doing business. For me the person on the street; things are getting tighter. Let us not sugar-coat it, let us tell the public exactly what the conditions are. You see they should manage our expectations, don\u2019t lie to us,\u201d he said.<\/p>\n<p style=\"text-align: justify;\">Captain Budu Koomson (Rtd.) believes the <a href=\"http:\/\/4cd.e16.myftpupload.com\/2014\/08\/04\/imf-bailout-a-stabilising-anchor-kwame-pianim\/\" target=\"_blank\"><span style=\"color: #666699;\"><strong>International Monetary Programme (IMF) program<\/strong><\/span><\/a> will only provide temporal relief to the economy.<\/p>\n<p style=\"text-align: justify;\">\u201cIt may give us some temporary shelter. You see the issue is that you have to mess up on your own to go to them [IMF]. We\u2019ve messed up so we just have to go for that temporary shelter. Some companies go into insolvency to get cover to restructure and get back even stronger. So if in the short term that is the hard bullet we have to bite, let\u2019s bite it,\u201d he opined.<\/p>\n<p style=\"text-align: justify;\">By: Godwin Allotey Akweiteh\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The former\u00a0Chief Operations Officer of the UT Group, Captain Budu Koomson (Rtd.) has urged government to tell Ghanaians the truth about the state of the country&#8217;s economy in a bid to help manage the expectations of the people. Politicians, analysts and economists have criticized government for not taking pragmatic steps to save the ailing economy [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":31467,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[38],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tell Ghanaians the truth about economy - Budu Koomson - Citi 97.3 FM - Relevant Radio. 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