President John Mahama says the constant refrain by his political opponents that his government has plunged the economy into a crisis is nothing but vile propaganda.
Mahama said it is only the opposition that can see a crisis, with his government's management of the economy, endorsed as prudent by the international community.
The president who is on the campaign trail in the Brong Ahafo Region indicated that the facts on the ground do not support that opposition's propaganda-driven narrative. ccording to him, if the international community believed the country was in an economic crisis, it would not advance GH¢4 billion to government requesting only GH¢750 million in Eurobond subscription.
The over-subscription of that Eurobond, he maintained shows evidence of international confidence in his government's commitment to fiscal discipline.
"...when somebody sits and says the economy is in a crisis you fail to understand where he is seeing that crisis. He probably has some lens that sees crisis where crisis does not exist.
"Why would you give a country in crisis GH¢4 billion and so it gives a lie to the propaganda people try to put out that this country is in crisis", he said in an address at the University of Energy and Natural Resources community on day-four of his campaign tour.
Providing further evidence of the progress the 2016 National Democratic Congress (NDC) flagbearer says the opposition deliberately ignoring the latest Moody's report which favourably rated the country's economic health.
Ghana's economy had a B3/Negative rating since 2015 until the rating agency, Moody’s revised it from negative to stable last month.
"We have fought to try and restore confidence in the economy," the president hailed his government's efforts.
Questioning the patriotism of some political parties, President Mahama wondered why the New Patriotic Party (NPP) and other parties would be gleeful about the challenges the economy faced under his tenure. "I don't know how you can be happy when your economy is being downgraded. I mean don't you have a sense of patriotism?" he quizzed.
The president observed that even after the Moody's report, his opponents are still living in denial about the efforts of his government.
"They were happy when we were being downgraded now the same moody's upgrades us and an opposition leader says Moody's does not know what it is talking about," President Mahama said.
Urging the opposition to swallow their pride and admit to progress, President Mahama said "how can you eat your cake and have it? We can't have double standards.
The president also stressed his promise to break the cycle of government over-expenditure during election year vowing to maintain physical discipline by spending within budget.
The NDC flagbearer acknowledged the effects of the crippling power crises over the past years but also pointed out that government has been able to add at least 850megawatt to the national grid in the past18months.
He said Ghana is entering into an era of energy security which should see the country exporting more power to neighbouring countries.
Source: myjoyonline.com
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You came to meet a credit rating of B+ under NPP and NDC mismanagement and reckless spending takes us to B- WITH A NEGATIVE OUTLOOK that is the doing of your government with an IMF BAILOUT OUT, how on earth will President MAHAMA lie that the economy is not in crisis, what does the IMF bailout means? You create a worse economic situation and now you have manage to improve your worse rating to a somewhat less worse rating and this does not equal the NPP better ratings as of 2008 , and you want us to sing praise for creating a problem that should not have been in the first place and managing the problem. If this is not incompetence then what is it. You go to borrow and give highest interest rate on your bond at a time in the world where interest RATES everywhere is near 1 percent and when investor for lack of a better interest yield in the rest of the world takes a bet on your bonds, you come here and tell me that means there is confidence in the economy. You are as incompetent as your presidency and ministers . mediocre is your standard, i feel ashamed when you speak like this MAHAMA
I don't blame you all is rosy for you. After all you can afford to give V8 as gifts so you can never now the suffering of the masses. You and your cronies will pay for this one day. After all you have business in Dubai that is being run for you. Mind you you will loose everything. No that our God is alive.
Posterity will judge you, if the economy is doing poor under your leadership and you pretend as if all is well. Hon Fuseini can just splash that huge sums of money on shatta wale, with the car branding, just to mention a few and you still claims the economy is good aaaah
How can you see the economic crisis when you are swimming in taxpayers money and chopping wawa! Can't you see all the unemployed graduates, all the dog-chain sellers in the traffic, all the homeless on our streets, etc.? Interests rates are in the 30%, inflation keeps increasing. In 2012 the US$ exchange rate was 1.43 to the cedi but today it is over 3.80!!!
It's in our pockets, our inability to pay bills or fees! It's in our not being able to provide for our children and aged parents.
Wonders shall never end, now the short ppl have seen that our economy is in crisis whiles the tall, fine boy, the ladys man, opana, ma bi3gya, aboafu$nu, magye a magye, chraj or no chraj cant even see how bad the economy is. i wont blame you for once cuz you lack that IQ, the know how is not there just that some of us the electorate have been blinded by your incompetence. simple, very simple
Of course you do not see the economic crisis because the state provides you everything you need and for your family free of CHARGE and you are even eligible to receive free gifts of New/Used American Ford SUV worth US$100,000. You need to grow shorter to see what the ordinary man in Ghana is suffering on the ground. GOD SAVE GHANA.
Mr President, do you know what is "vile propaganda"? lack of knowledge, my ppl perish. you publicly said that, you will never reinstate the scrapped allowances right? even if it will cost you the election, even if you will loose the election that will be fine by you, so why the U turn? do you know yourself at all? do you really understand governance and the word vile propaganda as you claimed? this clearly depicts your incompetence, how shall$ow your mind is? i just dont get it. who bor$n the d$Ea$d g$oat? i cant tin$k m$a$dne$ss.