Stephen Ayesu Ntim, the national chairman of the New Patriotic Party (NPP) has stated emphatically that former President John Dramani Mahama and the National Democratic Congress (NDC) inherited a growing economy from the Kufuor administration in 2008, but left a collapsed economy to president Akufo-Addo in 2016.
The economy had, however, crumbled by the time they were leaving office in 2016, he claimed.
Speaking at a news conference in Accra on Tuesday, April 4, Mr Ntim said the Akufo-Addo administration had handled the local currency, the Cedi, properly in response to a previous speech by the National Chair of the NDC, Johnson Asiedu Nketia, who accused the NPP government of economic failure.
He said, “After inheriting a booming economy. Ex-President Mahama and NDC left their successor, President Akufo-Addo a collapsed economy in 2016.”
He added, “We managed the Cedi better before the pandemic and the war. The NPP managed the Cedi with an average depreciation of 6.8 per cent from 2017 to 2021 compared to the NDC’s record of 18 per cent average depreciation from 2013 to 2016.
“We are not particularly happy about the level of inflation today, it has affected our economy badly but the truth is that it is a global problem.”
Source: Mybrytfmonline.com/Joseph Asare