Former Minority Leader Osei Kyei-Mensah-Bonsu praised President John Dramani Mahama’s administration for its economic management, calling the government’s performance over the last nine months remarkable and encouraging.
In an interview with Kwame Tanko on Lawson TV, Kyei-Mensah-Bonsu stated that the Mahama-led government had “performed well by bringing inflation down, stabilising the cedi, and effectively implementing the gold board policy.”
“When the NPP left office, inflation was around 21 percent,” he noted. “But now the NDC has achieved a single-digit inflation rate, which is a huge positive.”
He also commended the government’s interest rate management, stating that the NDC had “gone a step further” by lowering bank rates to 18 percent, when the NPP had attempted to lower them from 32 to 22 percent prior to leaving power.
On the exchange rate, Kyei-Mensah-Bonsu acknowledged the progress made under the current administration.
“When we left office, the cedi was trading at 16 cedis to the dollar. Now, under Mahama, it’s about 10 cedis. That shows good management,” he said.
He claims that these victories show the NDC government is “on the right trajectory” and making real headway in bringing about economic stability.
Source:Mybrytfmonline.com/Joseph Asare
