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According to the Ghana Pentecostal and Charismatic Council (GPCC), it is important to reduce spending and the size of the government apparatus in order to instill confidence in the ability to handle the economic problems facing the nation.
The ecumenical group also emphasized how crucial it was for the government to show a strong feeling of burden-sharing in order to persuade significant bondholders to voluntarily participate in the domestic debt exchange program (DDEP) and aid the nation in making its debt manageable.
“This should include the government explicitly and verifiably cutting down on its expenditure, including reducing the size of government, among other areas. This is very critical to encourage the buy-in of the public,” a communique issued at the end of the GPCC’s Conference of Heads of Churches and Organisations (CHCO) Extraordinary National Delegates Conference said.
“it is important that the government demonstrates a strong sense of burden-sharing to encourage key bondholders to fully accept the exchange Domestic Debt Exchange Programme voluntarily.”
The 2023 CHCO believed that Ghana’s economy was now in serious circumstances and that the government could not approach the settlement of the current economic issue in a business-as-usual manner. The statement was signed by the newly elected President of the GPCC, Apostle Eric Nyamekye.
“United for God’s Glory” was the theme of the CHCO, which took place at the Pentecost Convention Centre in Gomoa Nyanyano in the Central Region.
The Council finds the current economic situation in Ghana and the hardships that all Ghanaians are now experiencing to be extremely alarming.
“In particular, the very high levels of inflation and currency depreciation are impacting the poor the most, wiping away incomes and wealth and pushing most Ghanaians into extreme poverty and hardship without any clear social safety nets. This is presenting an almost existential threat to the poor and vulnerable,” the communique said.
According to them, the administration cannot tackle the current economic situation by conducting business as usual.
In order to address this problem, the GPCC urged the government to involve the populace in the decision-making process.
As the DDEP is being pursued with individual bondholders and pension fund managers, they also encouraged the government to move quickly on this issue.
It was presided over by Bishop Dr. Gordon Kissieh and discussed, among other things, the important concerns currently affecting the nation.
Speakers at the conference included Bishop Dr. Kisseih of the Life International Church, Apostle Dr. Aaron Ami-Narh, and Apostle General Most Rev. Sam Korankye-Ankrah of the Royalhouse Chapel International.
Dr. George Manful of the Frimpong-Manso Institute, a specialist in environmental and natural resources, also gave a presentation on the devasting impacts of galamsey and environmental degradation in the nation.
Source: Ghanatodayonline.com
