Sammy Gyamfi, the National Democratic Congress’s (NDC) National Communications Officer, has disputed Professor Kwaku Mensah Mawutor, the Dean of Graduate Studies at the University of Professional Studies in Accra (UPSA), who claimed that the administration had improved the economy.
Prof Mawutor praised the data presented by Vice President Dr Mahamudu Bawumia in his economic talk, stating the figures were verifiable, when addressing on TV3’s Key Points on Saturday, April 9.
“The data was there, and it could be verified.” Undoubtedly, I validated some of the data that were put out using multiple platforms.
[the_ad_placement id=”content”]
“It tells you that indeed, if we are looking at the descriptive analysis, he did a very good work by describing the performance of the NPP, juxtaposing it with the NDC’s.
“It is also evident that undoubtedly, the current government has enhanced some of the economic performance indicators. To be frank with you, GDP even though in the midst of crisis, is improving. The first few years we all saw that improvement from 3.6 to almost more than 6 per cent GDP,” he said.
[the_ad_placement id=”content”]
Reacting to him, Sammy Gyamfi said “I couldn’t listen to the live address by the Vice President but I have taken time to read the 129 page speech he delivered. After I did so, I felt sad for this country because we have a vice president who is very insincere and deceitful.
“The Vice President who is not willing to accept responsibility for his own economic mismanagement and the failings of this government. That 129 page speech is full of blatant falsehoods and a litany of excuses that do not hold water. The use of cooked figures and false statistical data to create an impression this government has done better when the true facts rather show that this country has had its economy deteriorated in the last five years.”
[the_ad_placement id=”content”]
He added “But just to respond something quickly to what Prof Mawutor said about the figures Bawumia presented showing that they have done better relative to GDP.
“Prof, if you have an economy with three oil fields, you cannot be comparing GDP growth of such an economy to an economy that had only one oil field. President Kuffuor had one oil filed, Jubilee, which he bequeathed to the Mills/Mahama administration and that oil filed was giving this country averagely 70,000 barrels of oil per day.
“Now, due to President Mahama’s investment in the hydro carbon sector, by the time we were leaving office in 2016, we had discovered and we were ready for commercial operationalization of two new oil fields, the TEN, Sankofa fields, which this government knows next to nothing about. It was as a result of that the World Bank, the IMF and Economist Intelligence Unit in 2016 predicted a growth rate of 8 per cent for Ghana in for 2017, they predicted in 2016 even before elections were held and these people came into office.
[the_ad_placement id=”content”]
“Whereas we had just about 70,000 barrels of oil a day, they are now having over 200,000 barrels of oil per day. In terms of oil revenue, we had just about 6billion cedis in four years, in four years that have had over 20billion.”
Dr Bawumia during the address on Thursday April 7 said among other things that “To put the expenditure on these three items in perspective, it is important to juxtapose it against the total expenditure (releases) on some of the governments key flagship projects, including Free SHS, One District One Factory, Planting For Food and Jobs, Development Authorities, Ghanacard, Zongo Development Fund, NABCO, and teacher and nursing trainee allowances.
[the_ad_placement id=”content”]
BAWUMIA-State-of-the-Economy-April-7-final-1-1Download
The data shows that the expenditure on these flagship programs over the five year period between 2017 and 2021 amounted to GHC15.62 billion compared to the GHC 50.1 billion expenditure on the three exceptional items.
“The expenditure on the three exceptional items amounted to more than three times the expenditure on the flagship programmes.”
