Make an objective comparison of the economic performance of nuclear power plants, NDC – John Boadu

General News of Monday, April 8, 2019

Source: Ghananewsagency.org

2019-04-08

The New Patriotic Party (NPP) asked Ghanaian voters to make an unbiased comparison of the economic performance of the two main political parties using the ratings presented by the various international rating agencies and institutions.

The two main parties; the NPP and the National Democratic Congress (NDC) are the only political parties to have had the opportunity to govern the country during the last 26 years under the fourth republic.

Mr. John Boadu, Secretary General of the NPP, at a press conference in Accra on Sunday to answer some of the questions raised at the NDC public conference hosted by Mr. Isaac Adongo, Member of Parliament of Central Bolgatanga and some NDC gurus on Thursday.

He said governance is about social inclusion, good governance, creating jobs for citizens, improving the income and housing of workers, as well as consolidating the economic gains made. until now, without resorting to propaganda and deception.

He said the NPP government would continue to implement social interventions in favor of Ghanaians and mentioned port reforms, free high school, the reduction of import reference values, the payment of contributions to the Ghanaians. national health insurance, capitation subsidies, etc. other.

Mr. Boadu said that after eight years of economic mismanagement by the NDC, weak macroeconomic indicators recording economic growth of 3.6% in 2016 (unretrieved product) of gross domestic product, a rate of high inflation of 15.4% and a budget deficit of 9%. 3% and the cost of the project inflated, badociated with bad political credibility that required a bailout of the International Monetary Fund (IMF) in 2015.

He added that the NDC wanted to use propaganda, deception and insults to return to the government and track progress and gains made by the ruling government, the ruling party, and urged Ghanaians to remain vigilant and respectful. verify the facts instead of relying on numbers with no credible source.

The secretary general of the NPP was convinced that the NDC had discredited its track record of managing the economy and that it could not pose credible facts to challenge the NPP government of the then, led by President John Agyekum Kufuor and the current government of President Akufo-Addo. therefore, they resorted to lies and propaganda to throw dust in the eyes of Ghanaians.

Even more, he thought the presidential candidate of the CND, Mr. John Mahama, was not a credible alternative to President Akufo-Addo because he had already ruled this country before and created a monumental disorder of the country. 39, which led to a political bailout by the IMF. credibility, while the NPP government cleans up the mess created by the previous government. "The alternative is so scary and we are committed not to be complacent, but to push harder and that is exactly what President Nana Akufo-Addo is doing for Ghana," Boadu said. He said that over the years, the country's economic growth trajectory has shown that the nuclear power station only builds a resilient economy for the NDC to reduce its gains as soon as it takes office. He cited the year 2001, which required the audacity and ingenuity of the administration of President John Agyekum Kufuor to sign the country to the status of highly indebted poor country (HIPC), resulting in the cancellation of the major part of the country's debt.

In addition, the Ghanaian economy recorded for the first time a B + rating in 2008 by a renowned international financial institution. However, after eight years of NDC government from 2009 to 2016, the country saw its credit rating deteriorate from B-.

After almost 20 months of President Akufo-Addo's government, Ghana is currently rated B + Outlook by Standard and Poor's, a renowned international rating agency, which recently awarded the nation an overweight of $ 3 billion with a lower coupon and a longer payment.

He added that President Akufo-Addo's government had saved the nation $ 7.6 billion by canceling 11 unreliable power purchase agreements signed by the NDC government under John Mahama.