Audio By Carbonatix
Economist Dr. Nii Moi Thompson has linked a recent damning report about the Ghanaian economy to government’s wrangle with ExxonMobil for Kosmos’ shares.
The Forbes Magazine ranked Ghana's economy as the 9th worst economy, but Dr Thompson said the report is discredited.
He said the report is one of several tactics adopted by the powers that be to pile pressure on the government to rescind its position on the deal.
The Government is blocking the sale of Kosmos’ shares in the Jubilee Field to ExxonMobil because it says due process is not being followed.
According to Dr. Thompson the Forbes Magazine article ranking Ghana the 9th worst performing economy is mischievous.
He said the statistics used for the article were either non-existent or misleading.
The article mentioned that Ghana has a trade deficit of $3 billion, but Dr Thompson said that is incorrect.
According to him, the trade deficit for the first quarter as disclosed by the Bank of Ghana puts the trade deficit at $487 million.
He said “absolute numbers like that don’t make sense in economic analysis. They were out for mischief and all the figures they used are absolutely misleading.”
Play the attached audio for excerpts of the interview with Dr Thompson
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Jason Arday: 10 things you may not know about British-born Ghanaian former Cambridge professor found dead at 41
2 hours -
KNUST partners with government to manufacture locally-made agricultural machines and smart traffic lights
2 hours -
Government to add constitutional referendum to 2027 District Assembly elections
3 hours -
Ambassador Nancy Sam meets South Africa’s Thanda to strengthen Africa tourism collaboration
3 hours -
Government disburses GH¢23.1 billion to clear road contractors’ arrears – Roads Minister
4 hours -
NPP Ashanti elections: 1,020 delegates to choose 11 regional executives
4 hours -
Galamsey: ‘Challenge is prosecution, not arrest’ — Lands Minister
5 hours -
Elliot Kabutey Tei outlines strategic blueprint to drive NPP victory in Tema East
6 hours -
MTN to build 80 new sites across the five regions of the north as part of a $1.1bn investment
6 hours -
The Polygamist’s creator says women see themselves reflected in her Netflix hit
7 hours -
UEW Hospital suspends OPD services over GAUA strike
8 hours -
Muzic Mensah selected for Boomplay’s inaugural ‘NEXT WAVE’ Programme
8 hours -
Prime Insight to tackle legal vacation controversy and $1million AKSA bribery case
9 hours -
Ghanaian evacuee from South Africa dies on arrival in Accra
9 hours -
Suicide and the fight to stay alive
10 hours