The Member of Parliament for Manhyia South, Lawyer Nana Adjei Baffour Awuah, has refuted President Mahama’s claim that the economy left by the NPP government was in poor condition.
Speaking on the Orange Sunrise with Alfa Ali, he argued that there was substantial economic recovery, including a stable exchange rate and reduced inflation, at the time the NDC took over.
“Reports from the international financial organisations, like the IMF, the World Bank and other independent observers, pointed to the recovery economy and was on its way to doing well, so we were out of the woods. It wasn’t as bad as it used to and so even though we had acknowledged some economic challenges in the past, this time nobody can say that the economy is not out of the woods yet,” he indicated.
The Manhyia South MP further noted that inflation decreased to less than 30 percent from a previous high of 54 percent, alongside falling interest rates and improved economic indicators.
According to information from the financial ministry in 2024, the economic turnaround proved to be not only real but also swifter than anticipated by global financial institutions such as the World Bank and the International Monetary Fund (IMF), as well as by economic analysts within Ghana.
Mr. Baffour Awuah, the Manhyia South MP urged the president to refrain from portraying the economy in such a negative light and to focus on finding sustainable solutions to the country’s challenges.
