Ghana’s economic crisis has sparked intense debate over the National Cathedral project, initiated by President Nana Akufo-Addo. The project has stalled due to non-payment to contractors, and the opposition property, NDC, demands its termination. Lawmaker Kwabena Mintah Akandoh argues that prioritizing a cathedral over healthcare and education is unreasonable.
Ghana’s economy is showing signs of stabilization, thanks to authorities’ steadfast implementation of its IMF-supported economic program. The program aims to restore macroeconomic stability, secure debt sustainability and lay the foundations for higher and more inclusive growth. Although still high at 23.8%, inflation is headed in the right direction, down from a record high of 54% in December 2022.
The National Cathedral project has become a symbol of Ghana’s economic struggles. The country must prioritize its needs, and the Akufo-Addo National Cathedral Controversy highlights the tough decisions required. As Ghana recovers from its economic crises, the national cathedral project’s fate remains uncertain. The Akufo-Addo controversy continues to spark debate.
Ghana received a $3 billion bailout from the International Monetary Fund (IMF) last year to support its economic recovery. The IMF program has helped stabilize the economy, but challenges remain. The authorities must continue implementing sound policies to foster recovery, bring economic growth back to its long-term potential, and protect the vulnerable.
Five members of the cathedral’s board of trustees have resigned, calling for an audit. Former President John Mahama hinted at investigating the project during his campaign. The Akufo-Addo National Cathedral controversy surrounding the National Cathedral project underscores the need for transparency and accountability in Ghana’s economic management.
