Former President John Mahama has claimed credit for Ghana's fastest-growing economy in the world status.
According to him, the Akufo-Addo government did nothing toward that achievement but only reaping from the previous administration's "hard work".
A World Bank Report recently named Ghana among the four fastest-growing economies in Africa. The other African countries include Ethiopia, Rwanda and Cote d’Ivoire.
Ghana and the three others are currently growing at seven per cent.
"Africa still hosts four of the fastest-growing economies in the world. Countries such as Ethiopia, Rwanda, Ghana and Cote d'Ivoire are still growing above seven per cent. These countries are not only the growth champions on the continent but also among the fastest-growing economies in the world", the Chief Economist for Africa at the World Bank, Dr Albert Zeufack, made this known from the World Bank Report in a live video conference streamed from Washington, DC, USA, in early October this year.
He was speaking at the launch of the 20th edition of the Africa Pulse Report, the World Bank's twice-yearly economic update for sub-Saharan African.
"So, overall, we do have 10 economies in Africa that are still growing above six per cent, but it is also important to highlight the three largest economies in Africa — Nigeria, South Africa and Angola — which are still having extreme difficulty recovering from the recession they experienced over the past two years. Excluding these three economies, the rest of Africa is growing around four per cent", he said.
Speaking on the matter at a meeting with party leaders and supporters in the UK, Mr Mahama, who is the flag bearer of the main opposition National Democratic Congress (NDC), said the growth achievement which is being "trumpeted" by the Akufo-Addo government, came about as a result of his administration's sterling performance in office before the current government took over.
"Whatever is responsible for the growth, the growth is only in the oil sector", Mr Mahama said, adding: "All that growth, fastest-growing economy in the world, it's the oil sector".
"And where are those revenues coming from?" he asked.
"They are from the TEN field and the Sankofa field that we worked on in our time", he answered.
"And that made me, in 2016, say that Ghana was going to be the fastest-growing economy in the world and that we are going to grow above eight per cent. I predicted it before they came into office", Mr Mahama noted.
"And, so, you [Akufo-Addo government] come into office – we were receiving less than a billion cedis in revenue from oil – and because of TEN and Sankofa, you're receiving almost GHS4 billion in revenue; four times what we got. And then we introduced ESLA and you were so much against ESLA and said when you come, you’ll repeal it; ESLA is bringing GHS3 billion more revenue than what we got.
"And, so, you're seeing growth based on those revenues, you didn’t introduce them, you’re just the beneficiary of the hard work that the previous government did. And yet, that's what they are trumpeting: the fastest-growing economy. It cannot be by accident. Yes, it is not by accident because we worked just to make it happen", the former President told his audience.
Source: classfmonline.com
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In all these arguments we forget that oil was discovered by NPP Government. Every government has played its role
Eiih Mr Former Prez, are you sure you reaaly want to come back?. Some of your statements will surely fail you oh. Am sure you would have been at the other end if Akufo-Addo's administration was putting the economy in a dwindling state. You want to take praises for the Old Man's hardwork?. ooooooh big no, nooooooooo!!
EH!!! JDM what really has come over you? I think you would have to get over this election loss ooo. It seems to have affected you massively. Charley this isn't the JDM I have known. Something is definitely wrong somewhere.
Yes, you will claim credit for no job done Mr. Incompetent. When Prez Kuffour started the construction of the Achimota Highway and did not complete before leaving office you hurriedly went to commission one side of it at the Old Peace FM area. Mr. Do-nothing all you know is to claim credit for policies you did not undertake and jumping about talking about reviews. Incompetent Kanazoe Ford JDM!!!
the same who says he is coming back to rescue us is also saying the he made the current economy growth fattest Hmmmmmmmm
There is something seriously wrong with this Mahama. He needs PROSAC to bring him to normalcy.
#NEVER AGAIN TO MAHAMA #NEVER AGAIN TO MAHAMA #NEVER AGAIN TO MAHAMA #NEVER AGAIN TO MAHAMA #NEVER AGAIN TO MAHAMA #NEVER AGAIN TO MAHAMA #NEVER AGAIN TO MAHAMA #NEVER AGAIN TO MAHAMA #NEVER AGAIN TO MAHAMA #NEVER AGAIN TO MAHAMA #NEVER AGAIN TO MAHAMA #NEVER AGAIN TO MAHAMA #NEVER AGAIN TO MAHAMA #NEVER AGAIN TO MAHAMA #NEVER AGAIN TO MAHAMA #NEVER AGAIN TO MAHAMA
At least Mahama has accepted that Ghana's economy is among the fastest growing in the world. That is good.
thank God now Ghanaians are now understanding GDP and all these economic indicators, that is the end of ndc so long as they thrive on lies and propaganda. any case no one should waste his time on this fruit cake of supposed a former president, he is confused and seriously drunk because of the onapo defeat in 2016
IMF, WB and many of these institutions predicted Ghana's GDP growth for the year 2017 and 2018 when the IMF projects completes. So this govmt has done completely nothing so far....start checking the performance from the end of 2019 and that will be the REAL npp gvmt performance but i bet you it will be very abysmal