Audio By Carbonatix
The NPP has bankrupted the country, with over 500% increase in national debt and little to zero infrastructure development across the 16 regions. The total public debt increased from GHȼ119.9 billion as of November 2016 to GHȼ742.0 billion as of June 2024.
Furthermore, the Bank of Ghana (BOG) continues to maintain a high monetary policy rate of 29% as of June 2024, leading to excessive borrowing costs for businesses and the continuous collapse of local enterprises. Ghana’s current policy rate is among the highest in the sub-region, severely hampering economic growth.
Data from BOG also shows that food inflation was 24% in June 2024, compared to 9.7% in December 2016.
The banking industry is collapsing, as many banks, including the Bank of Ghana, report huge losses. This government's much-talked-about Ghana Financial Stability Fund to support the financial industry is still in limbo, with only a $250 million loan commitment from the World Bank out of the needed $1.5 billion.
Thus, with these unpleasant economic indicators from the government, what is the point of the New Patriotic Party presidential candidate challenging his primary opponent, the NDC presidential candidate, to a debate on the economy? Is it just ‘Takashi’ from Dr. Bawumia?
The upcoming election presents an important opportunity for the country to address its significant economic challenges. The substantial increase in the national debt over the past several years is a considerable concern.
Voters should evaluate all candidates based on their proposed solutions to Ghana's fiscal issues, economic development plans, and ability to govern effectively, and not based on a candidate's religious background.
At this critical juncture in our nation’s history, we need a president who can unite the country and implement practical, evidence-based policies. This is the only way to steer the country towards sustainable economic growth. Therefore, it’s time for you as a voter to reset Ghana come December 7, 2024, and save the ‘Agyapadie’ of the country for all citizens and not for a selected tribe.
Finally, the Agyapadie book is worth reading whether you believe it’s a friction or an actual NPP Akyem mafia blueprint to capture Ghana. I am not here to suggest what to believe or not believe. However, if it looks like a duck, swims like a duck, and quacks like a duck, it is probably a duck and not a chicken ─ The duck test.
Latest Stories
-
Reparatory justice: Mahama announces high-level UN side event in September
2 minutes -
Bosome Freho Assembly invests first tranche Common Fund in water and education projects for 19 rural communities
2 minutes -
YIPs Ghana honours 5 outstanding students at 2026 Tertiary Achievers Awards
2 minutes -
NSMQ 2026: TAMASCO triumphs over St. Hubert and Labone to clinch ticket to the semi-finals
2 minutes -
US and Iran trade strikes for first time in weeks
4 minutes -
Non-interest banking will not replace conventional banking – Dr Johnson Asiama
6 minutes -
Non-interest banking products available to everyone, not just Muslims – Asiama
10 minutes -
Dolly Parton laid to rest alongside husband in Nashville
11 minutes -
Accra Mall celebrates Legends Reimagined with Weekend Vibes this September
12 minutes -
Tibule Advertising marks ‘Gong Gong Awards’ debut with a win for indomie
18 minutes -
Nurturing market-ready solutions that create jobs: KIC AgriTech Challenge Pro teams first pitch commenced
21 minutes -
Teacher unions to call off planned strike after engagement with Education Minister
27 minutes -
EPA more than triples accumulated fund to GH¢375m in a single year under Prof. Browne Klutse – SIGA
34 minutes -
Imaging professionals trained on Ghana’s first paediatric cancer imaging protocol
40 minutes -
‘Bawumia will become President whether NDC likes it or not’ – Amin Adam
41 minutes