Vice President Dr. Mahamudu Bawumia has boldly asserted that the New Patriotic Party’s (NPP) management of Ghana’s economy far surpasses the performance of former President John Dramani Mahama’s administration. Dr. Bawumia’s remarks come as the nation gears up for the forthcoming presidential elections, with economic management emerging as a pivotal issue for voters.
Speaking at an economic forum in Accra, Dr. Bawumia detailed the achievements of the NPP government under President Nana Akufo-Addo, contrasting them with what he termed the “lackluster” performance of the Mahama administration. “Under the leadership of President Akufo-Addo, we have stabilized the economy, reduced inflation, and achieved significant growth. Our policies have laid a solid foundation for sustainable development,” he stated.
Dr. Bawumia highlighted several key areas where he believes the NPP has outperformed the previous administration:
1. **Economic Growth and Stability**: Dr. Bawumia pointed to improved GDP growth rates and a stable currency as indicators of economic health under the NPP. “We inherited an economy on the brink of collapse, but through prudent management, we have turned things around,” he said.
2. **Digital Transformation**: The Vice President emphasized the strides made in digitalizing the economy, citing initiatives such as the mobile money interoperability system and the national digital address system. “These innovations have not only improved efficiency but also enhanced financial inclusion,” he noted.
3. **Inflation and Debt Management**: Dr. Bawumia criticized the Mahama administration for high inflation rates and increasing national debt. “We have reduced inflation from double digits to single digits and are managing our debt more effectively, ensuring that we do not burden future generations,” he asserted.
In response, the opposition National Democratic Congress (NDC) dismissed Dr. Bawumia’s claims, arguing that the current administration has failed to address the needs of ordinary Ghanaians. A spokesperson for John Mahama’s campaign stated, “The NPP’s economic policies have favored the wealthy and left many struggling to make ends meet. Under Mahama’s leadership, we focused on infrastructure development and social programs that benefited all Ghanaians.”
Political analysts are divided on the issue, with some praising the NPP’s economic policies while others question their long-term sustainability. Dr. Kwesi Botchwey, an economics professor, commented, “The NPP has made significant progress in certain areas, but it is important to consider the broader impact of their policies on income inequality and social welfare.”
As the election draws closer, both parties are intensifying their efforts to win over voters with their economic agendas. Dr. Bawumia’s strong stance on the NPP’s economic performance is likely to resonate with supporters, while the NDC continues to campaign on promises of inclusive growth and development.
The debate over economic management is set to be a central theme in the upcoming elections, with Ghanaians carefully scrutinizing the records and promises of both parties as they decide their nation’s future direction.
story filed by: Nana kwaku Duah
