NPP are better managers of the economy - BoG data reveals
- Vice President Mahamudu Bawumia has tagged the NPP government as better managers of the economy, compared to the NDC
- He noted that data and statistics suggest the NPP are miles ahead of the Mahama led administration
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Vice President of the Republic, Dr Mahamudu Bawumia has indicated the management of the cedi over the last three years is the best in the history of the country.
According to the Dr. Bawumia, his assertion is backed by data from the Bank of Ghana.
“The cedi exchange rate under the NPP (2017-2019) is twice as stable as it was under NDC (2013-2016). The average depreciation under NDC was 18%, compared to 8.7% under President Akufo-Addo,” he stated in Kumasi on Tuesday, February 11, 2020.
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Dr Bawumia made the comment when he addressed a Government Townhall and Results Fair, held at the Kwame Nkrumah University of Science and Technology.
He also dismissed suggestions that the NDC were better managers of the economy and the currency.
“Under the NDC our currency was depreciating at the speed of Usain Bolt! Under the NPP we have arrested the rapid depreciation of the cedi. But why does the NDC, in the face of such incontrovertible evidence, keep insisting they can do a better job of managing the cedi? Ladies and Gentlemen, it is like you take an exam with somebody and he scores 40% and you score 80% and he is trying to convince people that he knows the subject better than you."
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“In fact, in the history of the Fourth Republic, Akufo-Addo has the best performance for any first term government since 1992. Period. All the worst performances happened under the NDC which holds the record for first, second and third worst performances in the Fourth Republic but they still want to challenge the best performer!”
YEN.com.gh earlier reported that the New Patriotic Party (NPP) government has completed the payments of debt owed Bulk Oil Distribution Companies (BDCs).
This was revealed in a statement signed by the Chief Executive Officer of the BDCs, Senyo Hosi. The debts owed by government had accrued between 2011 and 2015.
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Source: YEN.com.gh
