Senior Minister Yaw Osafo Maafo said Ghana’s economic figures that the NPP inherited from the NDC are not much encouraging; describing the figures as, heavily indebted but not extremely poor.
According to him, Ghana’s budget deficit is at an extremely worrying rate of 8% above the 5% expected according to the IMF agreement. Ghana is currently under a three-year IMF program as part of efforts to stabilize Ghana’s economy.
As part the conditions of the program, the country was expected to maintain a budget deficit of 5%, something that Osafo Maafo said the previous government failed miserably to accomplish.
He pointed out that although the economy of Ghana is extremely strong fundamentally, those who handled it under the NDC government were the problem as they couldn’t handle it the way it should have been.
According to Yaw Osafo Maafo, the economy is bleeding seriously and a lot of hard work is needed to make it stable.
But Hon. Ato Forson in an interview on a Radio Station stated that the NPP has begun to misrepresent the facts and are portraying a grim picture to make room for their probable excuses in the event that they are unable to meet the numerous guarantees they made to the Ghanaians during the 2016 election campaign.
He advised Mr. Osafo Maafo and his party members not to minimize the role that the administration of former President Mahama played in building the economy by successfully rating it in nominal GDP.
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