Economy inherited from NDC not encouraging - NPP

Economy inherited from NDC not encouraging - NPP

The governing New Patriotic Party (NPP) says the economy it inherited from the Mahama government is not “encouraging”.

Economy inherited from NDC not encouraging - NPP

Senior Minister designate, Yaw Osafo Maafo t

According to Senior Minister-designate, Yaw Osafo Maafo the economic figures the NPP took over is bad and seriously bleeding.

He opined that Ghana's budget deficit is hovering at a worrying rate of 8% higher than the 5% expected under the IMF agreement.

Mr Osafo Maafo also said, the debt to GDP is 72% a figure which can only be suffocating.

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Speaking to Joy News after his announcement as Senior Minister, the former Finance Minister in the erstwhile Kufuor administration said even though Ghana is not a HIPC country, it is heavily indebted.

"We are extremely, heavily indebted but not poor," he said, adding, "the economy is fundamentally very strong. It is the management that has been a problem."

"The economy is bleeding seriously," he said but assured the Nana Akufo-Addo administration will put in place the necessary policies to address them.

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