Ghana’s President Nana Akufo-Addo says he has revived the economy of the West African nation. He claims various macroeconomic indices all point in the right direction.
He was speaking to a group of Ghanaians in Washington DC, on Friday. Akufo Addo claims prior to becoming President all the indices of Ghana’s economic performance and management were abysmal.
“We are talking about the fiscal deficit, we are talking about Debt-to-GDP ratio, we are talking about the rate of growth in agriculture, the rate of growth of the industry, the overall rate of growth of the GDP, and utility tariffs. All of these figures were going in the wrong way,” Akufo-Addo said.
The Ghanaian president said, the woeful performance of the Ghanaian economy under the former President John Dramani Mahama led to his electoral defeat in 2016.
President Akufo-Addo won the 2016 elections securing 53.72% of total votes. His main rival ex-president Mahama secured 44.53% of the votes.
Economy back on track
President Akufo-Addo stays his government has revived the economy. He said measures have been taken to help make Ghana an attractive and business-friendly destination.
“The measures we have taken, in terms of the results, are definitely positive. The 3.6% rate of growth we inherited in 2016, by the end of 2017 had grown to 8.5%.
And, this year, there is every indication that the same rate of growth of expansion of our GDP is going to take place,” he said.
President Akufo-Addo said is “the decision the Ghanaian people made to change course, and entrust the management of the economy into different hands, has paid off.”
Source: Africafeeds.com
