Economy on right course – Information Minister

kojo Oppong Nkrumah

kojo Oppong Nkrumah

INFORMATION Minister, Kojo Oppong-Nkrumah has said Ghanaians will not forget the astute manner in which the Nana Addo Dankwa Akufo-Addo government had managed the economy.

 

Contributing to the debate of the 2019 Budget Statement and Fiscal Policy of the government on the floor of Parliament in Accra yesterday, Mr Oppong-Nkrumah said all the economic indices point to the right direction and admiration of the world.

 

“We cannot forget the fact that today, macroeconomic stability has been restored to the admiration of economic watchers.

 

“We cannot forget when economic growth declined to 3.7 per cent and the fact that in our first year, we have brought it to 8.5 per cent.

 

“We cannot forget the graduate unemployment situation in the country and the fact that today, 100,000 graduates have jobs.

 

“We cannot forget how government in the past threw its hands up in despair as Ghanaians were faced with high tariffs. We cannot forget,” he said to loud cheers from his side of the House.

 

Describing the Minority as dishonest, Mr Oppong-Nkrumah, NPP Member of Parliament for Ofoase/Ayirebi said they were to be blamed for the economic ‘mess’ the current government was trying to fix.

 

Speaking on debts and what the monies were used for, he said when the NPP assumed power, it was met with GH¢7 billion liability which could not be traced in the books and when contractors who claimed they were owed were asked to bring their bills, it shot up to GH¢11 billion.

 

This, he said called for an audit which established that the contractors were owed only GH¢5.2 billion “so we have been paying the GH¢5.2 billion you left us.”

 

“Today as we have succeeded in cleaning the muddied waters, today as we have succeeded in restoring macroeconomic stability, we are now ready to launch into the deep to deal with the bold matters that lie ahead of us,” Oppong-Nkrumah said.

 

Urging the Minority to applaud the government for ushering the country out of the three-year credit facility it had entered into with the International Monetary Fund, the chairman of the Finance Committee, Mr Mark Assibey Yeboah said it was because of the former government’s poor handling of the economy that the country had to go to the IMF.

 

According to the New Juabeng MP, the government was determined not to derail the successes chalked over the two years period and was putting in place measures to ensure that the economy was managed prudently.

 

The NPP, he said, promised to competently manage the economy and that the economic indicators testify to the fact for which reason, the minority must give the government the space to turn around the economic fortunes of the country.

BY JULIUS YAO PETETSI

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