Former National Chairman of the People's National Convention (PNC), Bernard Mornah, has criticized president Akufo-Addo for allegedly relying on false information, such as the impact of credit rating agencies' downgrades on the local economy.

Mornah asserts that the economic challenges are clearly evident to everyone.

President Akufo-Addo previously described the downgrades by credit rating agencies as reckless, linking them to exacerbating challenges faced by African countries, including Ghana.

For example, Fitch Ratings downgraded Ghana's Long-Term Local-Currency Issuer Default Rating (IDR) to 'RD' from 'CCC' in April of this year.

However, Mornah argues that the agencies provided positive ratings to Ghana when the economy was performing well, so it cannot be deemed incorrect if they are now issuing negative ratings.

“One of the lies is to blame the rating agencies for the economic challenges, clearly, we are in a crisis,” he said on the Big Issue on TV3 while contributing to a discussion on the state of the economy.