Vice president Dr. Mahamadu Bawumia has said that the achievement of the Akufo-Addo government in the last 3 years overreaches that of any government under the Fourth Republic.
Speaking at the annual council of Zongo Chiefs’ meeting in Kyebi in the Eastern Region, Dr. Bawumia emphasized that data available indicate that this government is performing better and also delivering on its promises.
“If you look at the management of the economy and compare it to the first term of any government since the 4th republic, that there is no government in the 4th republic that can match the record of achieve ment of Nana Addo Dankwa Akufo-Addo”
While the opposition NDC has accused the NPP government of poor management leading to economic hardship, Dr. Bawumia who is the head of government’s Economic Management Team maintains the claim that the economy has performed better than other governments.
Earlier in 2019, the Finance Minister, Ken Ofori Atta had stressed that the government had instituted prudent economic management strategies to bounce back the economy from 3.4 percent in 2016 to an average of over 7 percent in just 2 years.
He underscored that inflation had fallen from 15.4 percent in December 2016 to 7.6 percent in September 2019, the lowest since March 1992, adding that the 91-day treasury bill rate also fell steadily from nearly 17 percent in December 2016 and now stands at 14.7 percent.
The Finance Minister also disclosed that Ghana’s economic growth was also a result of the Akufo-Addo administration’s performance in fulfilling pledges and programs.
“The fiscal deficit has declined from 6.5 percent of GDP in 2016 to 4.5 percent at the end of the third quarter of 2019; On the external front, the trade deficit has improved from US$1.8 billion in 2016 to a surplus of US$2.6 billion in August 2019,” he told the Parliamentarians during the 2019 budget presentation.
Story by: Nunana Ayisah | universnewsroom.com