“Government has been extravagant in the manner of handling the country’s finances because never once does it seem to consider the question of the country’s economy. The very word economy appears to have disappeared completely from the dictionary and vocabulary of the present Government,” he said.
Flagbearer of the opposition New Patriotic Party [NPP], Nana Addo Dankwa Akufo Addo has revealed that his main priority when elected as president will be to “bring back macro-economic stability to the management of the economy”.
To Nana Addo Dankwa Akufo Addo, the word “economy” does not exist in the dictionary of the current administration, but vowed that, under his watch as president in 2016, Ghana’s ailing economy will be revived.
According to him, the NPP will restore the confidence Ghanaians are missing in government when it comes to economy.
“As the presidential candidate of the NPP, I have been asked what the first priority of an Akufo-Addo government would be and my answer was straight to the point: bring back macro-economic stability to the management of the economy,” he said.
Adding that, “We need to bring back confidence in the economy so that businesses and families can plan their budgets properly. What the NPP will do differently is that we will bring back that confidence. We will ensure fiscal discipline on how taxpayers’ monies are spent and ensure macroeconomic stability.”
Nana Addo was speaking at a national symposium at the Accra International Conference Center as part of activities to mark the 50th anniversary of the burial of Dr. J.B Danquah.
The Doyen of Ghana's politics as he is referred to, Dr. Joseph Boakye Danquah died tragically in detention, without trial, at the Nsawam Medium Security Prisons in the early hours of February 4, 1965.
To commemorate this day, the Okyenhene, Osagyefuo Amotia Ofori Panin; the Royal Asona Family of Adadientem; and the children of the Dr. J. B. Danquah have organised a series of activities on the day, February 4, to celebrate the life of the “doyen of Gold Coast politics.”
According to the NPP leader, the Mahama-led administration has woefully manage Ghana’s economy after accusing the government of reckless borrowing from the western world.
He maintained that this has scared investors to invest in Ghana.
“Investors, domestic and foreign, will only be interested in Ghana when they can be assured of the bankability of investing in our economy. We [NPP] will move away from high budget deficits and reckless borrowing because we know of the benefits of fiscal responsibility – low inflation, reduced interest rates, exchange rate stability, avoiding HIPC and making savings for social and capital expenditure,” he noted.
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