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Deputy Minister for Finance and Economic Planning, Fifi Kwetey says the opposition New Patriotic Party (NPP) cannot claim to be better managers of Ghana’s economy.
According him, the NPP in eight years left the economy in an intensive care unit -a situation he says the ruling party is doing all it can to revive.
Fifi Kwetey was reacting to NPP’s claim that the Mahama-led administration has mismanaged the country’s economy.
The Economic Committee of the party at a press conference held in Accra Wednesday indicated that the economy without crude oil grew by 8.4% in 2008 therefore an expected GDP growth rate of 7.1% by government Statistician; Dr. Philomena Nyarko with the arrival of crude oil in 2012 is unpardonable.
The Committee said "growth has become synonymous with rising cost of living, unemployment, layoffs, depreciation of the cedi, load shedding of power even when the Akosombo Dam is full, high lending rates of banks, strangulating debt stock and so on and so on.”
However speaking on Asempa FM’s Ekosii Sen programme, Fifi Kwetey said the conduct of the NPP is a typical case of “a filthy black pot calling the kettle black”.
He noted that a group [NPP] which in eight years presided over the collapsed of the economy has no moral authority to accuse the National Democratic Congress government of mismanagement.
The Deputy Finance Minister indicated that the slow growth of the economy is the residual effects of the bad economic management of the erstwhile Kufuor administration.
Fifi Kwetey maintained that NPP’s abysmal economic record in eight years is incomparable to the NDC's unprecedented track record in three and half years.
He cited the longest sustained single digit inflation, GDP growth, improvement in all sectors of the economy among others to buttress his point.
Mr. Kwetey said the massive improvement in Ghana’s economy is due to prudent economic policies of government under the able leadership of President John Mahama.
The NDC man minced no words describing members of the NPP as “masters of double standards” claiming the NPP wants to tarnish the unprecedented economic credentials of the NDC for their own political expediency.
Fifi Kwetey was baffled at the NPP attribution to the Ghana Statistical Service (GSS) for its figures when according to him, the NPP not long ago were questioning the credibility of the GSS.
Conceding that the NDC has not been able to turn Ghana into a paradise, he promised of government's commitment to delivering a Better Ghana to Ghanaians.
Fifi Kwetey said given the track record of both parties, the NDC is better placed to move to country’s economy to a higher pedestal.
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