Politics

NPP inherited a recovering economy from NDC

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The Propaganda machinery of the ruling National Democratic Congress (NDC) has stated that the NPP in year 2000 did not inherit a collapsed economy but rather a recovery economy from the Rawlings-led administration. Fifi Kwetey, leader of the NDC’s Forum for Setting the Records Straight noted the NPP upon coming into office in 2001 claimed they inherited a collapsed economy, citing the depreciation of the cedi, inflation and HIPC as examples. “They cited the year 2000 end period inflation which stood at 40 percent as one of the main evidence. They also cited the depreciation of the cedi in the year 2000 and capped it all by saying that they had inherited a HIPC economy,” Fiifi noted, adding that all those were lies the NPP had put up to justify their claim. According to Fifi Kwetey, even though Ghana faced some crisis in 2000, the economy was recovering at that time. “Despite the crisis faced by Ghana in the year 2000, the economy was in a good state of recovery in the final months compared with the debilitating economic crises the NPP left behind at the close of 2008.” He added that there was no point going through the HIPC exercise as the NPP went ahead to borrow 1 billion dollars which was wasted with no single major infrastructure to show for it.

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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.