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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Now I can understand why people say that this president is not intelligent. When you are going for a loan of 70 cedis at a higher interest rate than what everybody else is getting and you have people offering to give you 100 cedis does that mean you are a smart person? it is simply the high rate of interest on the loan that makes people want to offer you all that money. This man will single handedly ruin this country with his avarice ,stup1d1ty and ignorance.
Mr. President, the economic crisis is in our pockets
Will someone please come and define the real meaning of the word CRISIS?
Now I know that this our so called lazy s-tu pidd president is so mad and confused because he want to win December 7 election so he can't see that the good people of Ghana is suffering under his ddemonic government . Mahama need to be stone to death .
CHIEFS ARE ENDORSING JULOR MAHAMA NOT BECOS HE HAS DEVELOPED GHANA BUT BECOS IT IS THE SUREST WAY OF GETTING FREE GHANA MONEY AND A TOYOTA V8. BUT INSHA ALLAHU JULOR MAHAMA AND HIS NDC STEALING GANG WILL BE KICKED OUT. WE ARE TIRED OF NDC STEALING, CORRUPTION, LIES, HUNGER, SUFFERING, WAHALA AND ATOPA.
Here is economic crisis. 1. When u education ministry cannot provide basic schools with ordinary exercise books. 2. When u give three pupils 2 exercise books to share. 3. When u fail to supply lesspn note books to teachers. 3. When public schools have to squeeze mpney from nowhere to buy SBA booklets. 5.When district education offices across the country beg for A4 sheets to run their offices. 6.When you cancel teacher training allowance and ask parents to pay 2000 plus cedis per semester, Mr. president, here is just a few indicators of the presence of economic crisis. Stop pretending,pls
BECOS YOU ARE STEALING GHANA'S MONEY SO YOU DON'T SEE IT. YOOO YATE WAI
YOU DO NOT SEE ECONOMIC CRISES BECAUSE THE STATE TAKES CARE OF YOU AND YOUR COHORTS. JOBS ARE FLOWING IN EVERY CORNER OF THE COUNTRY. FUEL HAS BEEN REDUCED DRASTICALLY. PEOPLE ARE ABLE TO PAY FOR MEDICAL BILLS,ELECTRICITY BILLS, WATER BILLS AND SCHOOL FEES ETC SO THAT IS ALL THE PRESIDENT CAN TELL THE GOOD CITIZENS OF GHANA.
@Peacefmonline; Please upload current Kokrookoo show wai. Thanks
How on earth can a bribe-taker appreciate economic crisis? How on earth can a DEAD G*AT know that the economy is is crisis or not? Dead men don't care and that is the exact condition of this president. Incompetent, unrepentant and disgraceful leader.