Audio By Carbonatix
The New Patriotic Party (NPP) says it has been vindicated by the Finance Minister’s statement that the economy is on course.
The opposition party said the statement by the Finance Minister Dr Kwabena Duffour shows that the Ghanaian economy is not ‘broken’, as recently described by the NDC.
In a press release issued on Tuesday, the NPP said the NDC’s broken economy rhetoric is simply a means of scoring cheap political points.
The NPP maintains that the economy’s growth of 7.3 percent in 2008 was the country’s fastest economic growth in 30 years.
Speaking to Joy News, NPP Communications Director, Kwaku Kwarteng, said if the economy was as bad as the NDC had painted, then it would not have been possible to get it back on course in just five months.
“What the people of this country were told that the economy was in tatters and that we would need to do a lot to reverse the trend. Where did the recovery come from? The answer is simple; the economy was never broke in the first place,” Mr Kwarteng told journalists in Accra.
He described as rhetoric the situation where the ruling party would lash out at the previous government for “messing” the economy.
“It was a rhetoric from the previous administration to discredit the former administration in order to achieve what I respectfully call parochial domestic political interest. If you can fix the economy in five months not by putting in more resources but merely by checking expenditure then we have to interrogate that suggestion again,” he emphasised.
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
-
Interest payments to average a high 20% of government revenue over next 4 years
6 minutes -
Strategy of accumulating foreign reserves, gold carries high fiscal cost – S&P Global
21 minutes -
Weak institutional arrangements, high debt servicing constrain Ghana’s rating – S&P
27 minutes -
Bond market: Turnover declined by 28% to GH¢1.56bn
57 minutes -
Volta Region National Public Speaking contest advances drug prevention conversation
1 hour -
New health training facility at Ampoma-Jema to address admission shortfalls, but Minister flags missing amenities
1 hour -
Black Challenge unveiled with sights set on Amputee World Cup glory
2 hours -
Pay striking teachers before expressway spending, Dr Kingsley Agyemang tells government
3 hours -
Customs intercepts assault rifle, two pistols and 610 rounds of ammunition at Tema Port
3 hours -
PKO boxers secure wins at Odwira Festival
3 hours -
South Tongu Records Rise in Teenage Pregnancy
3 hours -
Cabinet threw out US health compact faster than anything I’ve seen – Mahama
3 hours -
MoFA urges Finance Ministry to reverse World Bank food programme withdrawal over GH¢643m commitments
3 hours -
NAGRAT demands signed timelines before calling off strike
4 hours -
National Investment Quiz: West Africa SHS, St. Louis SHS advance to semi-finals
4 hours