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General News of Monday, 18 October 2004

Source: Accra Daily Mail

Broken Promises? How the NDC

The Facts
General Economic Growth

NDC'S PROMISE*NDC'S RECORD
(when leaving office)
NPP'S RECORD
2003/2004
1. INFLATION RATE8% by year 200040.5%12.9%*
2. GDP7% by year 20003.7%5.2%
3. PER CAPITA INCOME420 by year 2000263350
4. AGRICULTURE GROWTH4.5% by year 20002.1%6.0%
5. SERVICES GROWTH7.9% by year 20005.4%4.7%
6. INDUSTRY GROWTH8.4 by year 20003.8%5.2%
7. LENDING RATE47.5%27%**
8. GROSS EXTERNAL RESERVES0.8%4 months
9. CEDI DEPRECIATION49%7% (Against dollar)
10. TOTAL GOVERNMENT REVENUE?5,385billion?21,997.6billion (2003)

*June 2004
* * July 2004
*Source : Programme of Action for First Medium -Term
Development Plan.1997-2000 (Ghana Vision 2020)