There is a much hackneyed saying, “two heads are better than one”. These are opening remarks by former President Mahama to President Nana-Addo in a facebook post to add his voice to the free fall of the cedi.
Mr. Mahama noted that, there are times where a leader must admit that they do not have all the answers to challenges facing the economy, however, during such times there is a need to put away dignity and add to credibility a consultative process for nation building.
” There are times when a leader or a party must admit that they do not have all the answers to the challenges facing the economy or a particular sector. At such times, it does not take away from your dignity, but adds to your credibility, when you create a consultative process that forges a consensus and allows a nation to move forward”.
The NDC Presidential candidate for the 2020 general election in his recent post was calling the attention of President Nana Addo, Vice President Bawumia and their economic team to seek for external help in tackling the falling cedi to other international currencies especially the dollar.
Admittedly, Mr. Mahama made reference to a similar situation which he faced during his tenure as president in 2014 a situation which compelled him to organize the ‘Senchi Forum’.
” I faced one such decision point as President in 2014. The 3-day Senchi Economic Forum was held in May 2014.
It was a broad consultative process and even though it was boycotted by the opposition NPP, it achieved its objective of producing the famous Senchi Report which contributed to the Homegrown Fiscal Consolidation Programme”.
Former President Mhahama, nonetheless, offered a word of advice to President Akufo-Addo,Bawumia and their economic team to own up their shortcomings and call a Senchi type of forum.
” It may serve Akufo-Addo/Bawumia and their economic team well to own up to their shortcomings and call a Senchi type stakeholder forum on the economy”.