The Nhyiaeso MP, Stephen Amoah, has stated that the impact of the Covid-19 pandemic in the country cannot be compared to that of the power crisis experienced under the Mahama administration.
He maintained that the economic hardships affecting growth and productivity in the state are primarily driven by the pandemic and the Russia-Ukraine crisis, conditions he reckons outweigh the ‘dumsor’ issues.
According to him, the country would have been in tatters had the National Democratic Congress (NDC) been in power under the current circumstances.
He stated that the party’s management of the electricity crisis was poor to be compared to the pandemic.
“Don’t let us talk as if this is unprecedented. If NDC has been in power, I don’t think they could have done anything better. The condition you are saying under NDC, the dumsor crisis; you can never compare that to today.
“I don’t think we had a situation where hotels, restaurants, market women were asked not to come out at all and stay home to impair productivity; they are different, even if you consider debt alone and not GDP,” he said.
In an interview on Newsfile, the Parliament Finance Committee member said the challenges in the economy must not be politicised but should be tackled holistically.
“There is this issue which is very wrong. One of the most fundamental anomalies disturbing us as a country, which cuts across, is that all successive governments often borrow on our domestic markets at a higher interest rate than even the private sector.
“This is destroying GUTA, AGI, investments and others. I haven’t seen anywhere, at least not the developed economies, that T-bills can give returns higher than the risky assets from the private sector, so it’s one of the areas we should also look at. It’s a global situation so let us appreciate these things in the context I am talking about,” he urged.
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Today’s front pages: Monday, June 27, 2022
Government assesses impact of economic interventions from June 27
Akufo-Addo’s Minister caught in conflict? – JoyNews investigations
Current government is tolerant – Asabee
NPP Chairmanship race: I stand tall above the rest – Asabee
NPP Flagbearership race: I have not declared support for Bawumia – Asabee
Tiler gets 7 years for defilement; claims victim forced him to have sex with her
MTN FA Cup 2022: Hearts of Oak beat Bechem United to retain title
Playback: The Probe interviewed Asabeee on NPP Chairmanship race