Audio Attachment:Listen to former Deputy Minister of Finance, Cassiel Ato Forson on kokrokoo |
The National Democratic Congress has accused the ruling government of spreading falsehood with claims that the economy is in a bad state.
The President of Ghana, Nana Addo Danquah Akufo-Addo, in his first state of the Nation Address in Parliament Tuesday, indicated that he inherited a bad economy from the Mahama-led administration.
“Total projected expenditure for 2016 was GH¢43.9 billion (26% of GDP) but actual expenditure amounted to GH¢50.3 billion (30.2% of GDP). It appears, from what we are finding out, that some GH¢7 bn of arrears and outstanding payments circumvented public financial management system. The country’s debt, he said stands at 74% of GDP . . . As at the beginning of 2009, Ghana’s total debt stock was GH¢9.5 billion. By the end of 2016, the debt had ballooned to GH¢122 billion. Ghana’s debt stock now stands at 74% of GDP . . . In fact, 92% of Ghana’s total debt stock was incurred in the last eight years under the previous government,” the President said.
Speaking in an interview to Kwami Sefa Kayi on Peace FM’s morning show ‘Kokrokoo’, former Deputy Minister of Finance, Cassiel Ato Forson posited that it is untrue that the NDC left a bad economy.
“ . . the economy that the NDC left for the NPP was a strong economy,” he noted.
The former deputy Minister also wondered why President Akufo-Addo did not talk about inflation and rather concentrated on other aspects of the economy.
“Maybe he has foreseen that he will not be able to fulfill all his promises that is why he is making these excuses. He didn’t talk about inflation which as at January was 13.3%. My worry is that during the campaign inflation was heavy on their agenda but now they don’t want to talk about it; because it’s good for the economy, they’ve decided to keep quiet on it. I was really surprised when he said 122bn . . . and that 92 percent of the debt was created by the NDC government. I challenge them that the numbers cannot be the case. I am suggesting that the economy that the NDC left for the NPP was a strong economy . . . numbers don’t lie. At least he should have given former President John Mahama some credit,” he added.
Click the audio to listen to the full interview.
Source: Rebecca Addo Tetteh/Peacefmonline.com
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Give him credit for what?
Look at his eyes lyk obi adi ne ***barred word***. When did Mahama give credit to K4 or even Atta Mills. Mahama spoke as if there was never anything like Atta MIlls administration. He never associated himself with the man who he killed. Where was Atto forkin
They have stole enough to enrich themselves. This is a credit for himself and his former boss so he can speak thrash. Give us the facts a ***barred word*** with credibility. God save Ghana from politicians like you
If those who have some brain material still left intact in that NDC party do not take over their unattractive party, the NDC party must write to the EC and inform them they are returning their political party certificate. Clearly Forson Ato relishes a debut on some comedy show from the way he is talking and it is embarrassing, utterly embarrassing. What is going on in that their NDC party? Are there no serious human beings in that NDC party? This is free advice.
This guy is laughable guy, that everyone in Ghana should laugh at him, this story was discussed this morning and everyone laugh and laugh at this his cooked story ATO, shame unto you and your lies, you had been disposed NDC
so what are the correct figures, honorable MP? your people keep saying the president is lying but there are no counter figures to show us what u believe the truth to be. you claim to be an economist n they deal with figures. show us your and stop with the unnecessary grammar. it's ***barred word***
All the mess of the past 8 years were to Mahamas credit!
Mahama did this country a great disservice by appointing such people to handle critical areas such as Finance. No wonder he became One-term President.
To the Neanderthal calling herself first lady elect.Some of you numbskulls should be banned from ever going on line. Your lack of common sens3 and stupidito is simply outstanding.So Nana Addo had third class in economics and the certified kleptomaniac Mahama had what class in economics? The man does not know the first principle in economics yet he run this country[down] for 8 years. Grow up and use the grey matter the good Lord put in your head. One does not need to have a first class in economics to be president .One does not even need a degree in economics to be a leader That's why there is a group that takes care of the economic management of the country.
EVERY SANE GHANAIAN KNOWS THAT AKUFO ADDO HAD 3RD CLASS IN ECONOMICS SO HE KNOWS NEXT TO NOTHING IN ECONOMICS HENCE THE NUMEROUS GOOFS YESTERDAY. DID YOU SEE HIS KWASHIORKOR CHEEKS? OLU ABR3, MAHAMA BEGYE STEER NO!