Dr. Richmond Atuahene, a banking consultant, says whoever becomes the President in the impending 2024 election should first investigate the current economy before giving a celebration speech.

This comes on the back of the Minister for Finance, Mohammed Amin Adam, speaking at a rally in Saboba in the Northern Region, where he disclosed that Ghana is firmly on the path to sustained growth.

“Ghana’s economy has come back to life following the difficulties we faced in the last three years. Macroeconomic stability is fast returning to our country. We can see the indicators improving by the day,” Amin Adam said.

However, speaking on Morning Starr, Dr. Atuahene said that the state of the economy, balance sheet, and cash flow should be investigated to know how insolvent the country has become.

“When we come back, we will see whether the country is insolvent or liquid because you are waiting for $2.6 million or $3.6 million in December and your cedi is running like Usain Bolt. It has never happened in the history of this country,” he disclosed.

The banking consultant continued that even when the economic recovery was from one step to another, the country never experienced such rocketing inflation as it is experiencing now.

“Even when we were doing the economic recovery one and two, with all the hardship in Ghana, we have never experienced such a thing before. Your currency is running. I mean, you are borrowing like nobody’s business on the treasury market. I think this is not a time for celebration but serious business,” he added.

According to him, nearly 10 million people are living in abject poverty, “so what are we celebrating?”

Dr. Atuahene further said that matters of the economy should be thought of like setting a new agenda and bringing everyone on board.

“I will recommend that everyone is on board when it comes to matters of the economy,” he stated.