In reality, it seems the Brexit("the withdrawal of the United Kingdom from the European Union") has been exacerbating long-term economic and political crises for the United Kingdom. This was expected as "structural changes will take place over the long term as capital and labour adjust to the new trading arrangements".
It is increasingly becoming clear that, Lizz Truss may find it difficult to survive as the UK Prime Minister considering the prevailing economic climate of UK and the seeming impatience of the Conservative Party and the majority of UK Citizens.
After Brexit Referendum(that is between 2016-2022), 3 Prime Ministers have Resigned so far from Office and these are:
1. David Cameron
2. Theresa May
3. Boris Johnson
It hasn't been easy managing the economy and political environment of UK after Brexit coupled with the impact of COVID-19 and the Russia-Ukraine War.
The following are the Shortest-serving Chancellors of UK(Finance Ministers):
1. Iain Macleod, served for 30 days.
2. Kwasi Kwarteng, served for 38 days.
3. Nadhim Zahawi, served for 63 days.
4. Sajid Javid, served for 204 days.
5. Stanley Baldwin, served for 307 days.
6. Peter Thorneycroft, served for 358 days.
7. Hugh Gaitskell, served for 374 days.
8. Harold Macmillan, served for 390 days.
Don't use your ignorance and unjustified hatred to call for the head of Ken Ofori-Atta because of the sacking of Kwasi Kwarteng, UK Finance.
Kwasi Kwarteng is NOT the only Chancellor who has served for a short term.
As a Party fanatic, you cannot speak and admit the truth because of individual Presidential interests, so let use Ken Ofori-Atta as the scapegoat and push all the blame on him for the prevailing economic situation in Ghana. That to me is a complete joke and an act of dishonesty. Ghanaians are wiser than you think and imagine.
Let's put the individual Flagbearership Agenda and seeming Whispering Campaign on hold until successful negotiation with the IMF because if things don't change for the better even Jesus Christ or Prophet Mohammed can never win the 2024 general elections for the NPP or is it about just occupying space as the leader of an opposition Party?
The Government team is focusing on negotiating with the IMF for positive outcomes so let's pray and support them as a collective force.
Source: Razak Kojo Opoku
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The economy of Ghana has a structural problem that dates back to our independence and even deep into the colonial era. Hitherto, we imported the majority of our subsistence needs from our colonial masters and traded raw materials without adding value to them. How can you stabilize your currency when you create employment outside your country? The strength of your currency is determined or backed by your level of production and rendering of services in the inbound economy. I believe most Ghanaians would agree with me that the NPP administrations (including Kufuor's) have so far made concerted efforts to transform the colonial Guggisberg economy. Specifically, the ongoing transformation of the railways, educational system, industrialization, and formalization of the informal economic activities by leapfrogging with new technology, or "digitalization," clearly shows that Ken Ofori-Ata is one of the best finance ministers Ghana has had. Despite the COVID pandemic and the Ukraine war, impressive results have been made. In Ghana's history, the cedi has never depreciated and has appreciated during the same period, with a tendency to even trend downward.