President Nana Akufo-Addo says his administration has managed the economy better in the last three years than his predecessor did.
Nana Akufo-Addo says the drop in inflation, predictions by the World Bank and the IMF that Ghana’s economy will be one of the fastest to grow in Africa next year indicates that government is on the right track.
Political opponents have accused the government of poor economic management leading to economic hardship.
But speaking at a meeting with CEOs of companies in Ghana, Nana Akufo-Addo says that the achievement of his administration is unprecedented but admits that a lot more needs to be done.
“In the last two years, Ghana has been among the world’s fastest-growing economies. Indeed, the IMF projects Ghana’s economy this year to have one of the world’s highest growth rates of 7.6%. Inflation for September stood at 7.6% in single digits, the lowest in more than two decades. Our exports are growing healthily, our trade balance accounts for the first time in more than a decade recorded a surplus in 2017, maintained it in 2018 and we expect to maintain the standards for this year as well. We have brought the fiscal deficit down to 4.5%”.
President Nana Addo Dankwa Akufo-Addo has described the presidential candidate of the National Democratic Congress (NDC), John Dramani Mahama, as one with no record to defend, and one who has no prescriptions for the future.
Responding to a comment the former President said on Sunday, 3rd November 2019, that “God brought NPP so Ghanaians can appreciate NDC”, President Akufo-Addo stated that “negativity, negativity, negativity” is all Ghanaians continue to hear from the NDC leader.
As per the logic of John Mahama, President Akufo-Addo asked that do, “Ghanaians want stagnation, not progress, high inflation, not low inflation, the unemployed graduates association, not NaBCo, a poor agriculture, not Planning for Food and Jobs, no new industries, rather than ‘One-District-One-Factory’?”
The President further noted if Ghanaians preferred the situation that prevailed under Mahama where, on average, one hundred thousand Junior High School graduates could not find a place in secondary school and had to go home because their parents could not afford it, to Free SHS.