The Member of Parliament for Cape Coast South, Hon. George Kweku Ricketts-Hagan, has assured Senior Command and Staff Course 46 of the Ghana Armed Forces Command and Staff College (GAFCSC) that despite the difficulties the current economy is going through, it could get better when leaders keep to their promises and implement all their laudable policies.
Presenting a lecture on the topic “Governance of Ghana: The Nature and State of the Economy—The Legislature Perspective” on behalf of the Speaker of Parliament, Rt. Hon. Alban Sumana Kingsford Bagbin, at the Ghana Armed Forces Command and Staff College, he argued that all successive Presidents of the country have all contributed to the current status of the economy, which is entangled with huge debts.
Mr. Ricketts-Hagan, who is also the Chairman of the Economy and Development Committee, took officers of the Senior Command and Staff Course 46 through the era of the Guggisberg Economy, the Bretton Woods System, the Divestiture policies in the 90s, and the challenges faced by the economy while exploring the Eurobond market.
Answering questions from the officers, Mr Ricketts-Hagan, among others, recommended that the rapid depreciation of the Cedi must be dealt with as soon as possible, deliberate measures must be put in place to stabilise the economy, stop overreliance on gold, cocoa, and governments must be more responsible to water bodies, stressing that when these things are done, the economy will soon be back on track.
The Senior Command and Staff Course 46 comprises officers of the Ghana Armed Forces and officers from Allied African countries, including Benin, Burkina Faso, Botswana, Cote D’Ivoire, Gambia, Liberia, Malawi, Namibia, Nigeria, Rwanda, South Africa, Sierra Leone, Senegal, Tanzania, Togo, and Zambia.
The Commandant of the College, Major General M. Essien, thanked Hon. Ricketts-Hagan for honouring the invitation.
