Verdict Will Improve Investor Confidence In Economy

Vice-President-Kwesi-Amissah-ArthurThe Vice President, Kwesi Amissah-Arthur has described the Supreme Court verdict in favour of President John Mahama, as “perfect for economic growth.”

“It will provide a lot of certainty for the business community,” he told reporters at the Flagstaff House in reaction to the Supreme Court’s verdict on the presidential election petition.

According to him, the final decision on the matter would improve investor confidence in the economy, saying investors were a little worried about the outcome of the case.

“It is finally over, and we expect brisk investment business,” he said.
He also described the judgement as timely, indicating that it came at a time the economy was improving after a slow down in the first quarter of the year.

“Now, that it is over; we have to get on with the business of developing the country,” he said, adding that relevant measures had been activated to support the growth of the economy.

He said President Mahama and himself never doubted that the ruling would be in their favour because of the strong defence the legal team put up, but was a little worried over the long period of eight months the case consumed.

During the eight-month period of the petition hearing, a number of organisations such as the Trades Union Congress blamed the slowdown of the economy on the legal battle.

In a press statement, the TUC detailed what it said was a regression of various sectors of the economy despite some gains, and cited aggregate improvement made in the last five years as measured by the 8.7 per cent increase in the GDP and the relative stability in the inflation rate which shot up from 8.8 per cent in January this year to 10.6 per cent in April. - Edmund Mingle

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