Sir, NDC can not deploy policies in 2020 because NPPs have mismanaged the economy! – Ato Forson in Mahama | Policy

Former Deputy Finance Minister, Cbadiel Ato Forson, is so sure of the NDC's victory in the 2020 general election, to the point that he asked the former president and candidate for the the opposition party's presidential, John Dramani Mahama, to form a new tax team because the ruling administration has completely destroyed the fundamentals of the economy.

According to him, the NDC led by Mr. Mahama in 2020 can not deploy significant policy because of the difficulties of the current economic management team to manage the economy.

Speaking at a conference organized by the NDC in response to questions raised by Vice President Mahamudu Bawumia at a public meeting, Mr. Ato Forson said: "I want to say that, unfortunately, the way this administration is trying to manage this economy, … Your Excellency, let me say that your administration will have a lot of work to do. Before we can deploy our policies, we will have to reset the entire fiscal framework, the monetary framework as a whole ".

He further recommended that the former president and his team "get right to work, because the way the government tries to manage the economy is not the best solution and will eventually destroy the fundamentals of the economy".

Mahamadu Bawumia said on Wednesday that the government has performed well relative to the Mahama administration in stabilizing the cedi against major commercial currencies.

He said that the worst performance of the cedi under the Akufo-Addo government was well above the best cedi performance under the Mahama government.

"If you look at the screen, you will find the basic principles as we knew them in 2014 and 2018. Each one of them: real GDP growth, inflation, budget balance, payroll, payroll, gross debt, rate interest, current account, all the fundamentals, you will see that we were in a much weaker position in 2014 compared to 2018. So, ladies and gentlemen, how did the cedi perform recently? At the end of December 2017, the Cedi had amortized by 4.9%, compared to 9.6% in 2016. This was the best performance of the Cedi since 2011. And at the end of 2017, we had the best performance of the cedi until 2011.

"However, the cedi has depreciated by 8.4% in 2018 mainly due to emerging market pressure and rising US interest rates.

"Data on the annual cedi depreciation rate in recent years shows that the worst cedi performance up here under the NPP government, the 8.4% depreciation we've seen since 2018, is worse than the best performance. under the previous government between 2012 and 2016. Our worst is better than the best. And when you say that, this one looks more like boot-for-chalewote.