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Business News of Tuesday, 22 September 2020


I moved Ghana’s economy from US$41.6 billion to US$54.5 billion in four years – Mahama

Former president, John Dramani Mahama Former president, John Dramani Mahama

Former President John Mahama says Ghana’s economy is shrinking under the Akufo-Addo administration.

According to him, the government has very little to show for the amount of money it has borrowed so far.

“In 2012, the size of Ghana’s economy was US$41.6 billion. In 2016, on my watch as president it was US$54.5 billion – a nominal change of US$13 billion in 4 years.

“This year, 2020, on the watch of Akufo-Addo as president, Ghana’s economy is projected to be somewhere US$66 billion, which means the NPP government in four years changed the size of the economy by US$11 billion – note in 4 years; US$13 billion under my watch and US$11 billion under NPP. This is what the data says, and it is verifiable. You can examine the data for yourselves.”

“This government has meanwhile borrowed GH¢140 billion as against GH¢54 billion during my presidency”.

On Sunday, Mr. Mahama challenged President Akufo-Addo to point to a secondary school you has constructed since he won power in 2016.

According to him, President Akufo-Addo is “heavy” on giving promises but “low” on delivery.

“Ghanaians know what my track record is; my opponent comes nowhere near me. When we talk about credibility; who is more credible when it comes to delivery on social infrastructure, everyone knows who is credible.

“He (President Akufo-Addo) should show me one secondary school he has built or one hospital he has built in four years. It is easy to say that we have better credibility when it comes to infrastructure with our opponent,” the NDC presidential candidate told TV XYZ in an interview Sunday.