The National Chairman of the New Patriotic Party (NPP) Stephen Ayesu Ntim has said that the Akufo-Addo led administration has managed the Ghanaian economy well.
According to him it would have been catastrophic under the erstwhile John Mahama administration.
Examining the performance of the NDC and NPP governments between 2013-2019 before Covid-19 and the War, he said before Covid-19 and the Russia Ukraine War, the NPP government recorded an impressive 7 percent average GDP growth for three fiscal years (2017-2019).
“Had Covid-19 not happened, Ghana’s economy would have continued to grow into 2020, and the story of Ghana’s economy today would not be one of hardship but of growth and prosperity,” Mr. Ntim said while addressing a press conference in Accra on Tuesday, April 4.
Mr Ntim also said the NDC-Mahama administration performed poorly. Between 2013 to 2016 because the NDC retained a mournful 3.9 percent average growth. “GDP declined consistently over that period (2013-2016). Somehow, those who could not manage Ghana’s economy in a relatively stable global economic environment suddenly claim they have magic wand to turn the fortunes of Ghana around in this volatile global economy.”
He added “NPP took office in 2017 and turned around the mismanaged and collapsed economy inherited from the NDC. The Industrial sector grew from 4.3 percent in 2016 to 15.6 percent in 2017. The Services sector increased from 2.8 percent in 2016 to 3.4 percent in 2017, and the agriculture sector also grew from the dismal 2.7 percent in 2016 to 6.2 percent in 2017
“We managed the Cedi better before the pandemic and the War. The NPP managed the Cedi, with an average depreciation of 6.8% from 2017 to 2021, compared to the NDC’s record of 18% average depreciation from 2013 to 2016.
By: Joseph Nii Ankrah