A former National Youth Organiser of the Convention People�s Party (CPP), James Kwabena Bonfeh also known as Kabila has said the downgrading of Ghana�s economy from �B+� to �B� by Fitch, an international rating agency is not surprising.
Speaking on �Kokrokoo�, Kabila said �Fitch has even been charitable to us especially looking at what is going on currently with our economy�.
He said the issue of the economy going from bad to worse is no longer news because the current administration always �defend the indefensible�
�Even the money that is borrowed is not being used judiciously. There is nothing substantial to show for it. Apart from that there is corruption everywhere and so from B+ to B; it�s not surprising� he opined.
Kabila however indicated that �all is not lost; government must take steps immediately to do something about it because we still have revenue from our taxes, oil and other resources to put our economy back on track�
Source: Rebecca Addo Tetteh/Peacefmonline.com/Ghana
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