The Hon. Chairman for Finance Committee and Member of Parliament for New Juaben South, Dr Mark Assibey Yeboah has clearly stated that, Ghana’s economy is stronger and doing better than the era of the previous NDC administration led by Ex-President John Dramani Mahama, inspite of COVID-19 pandemic.
He explained that, in 2019, the economy of Ghana grew at six point five percent (6.5%) and eight point one percent(8.1%) in 2017 which compared to 2016 was at three point four percent(3.4%).
Mr Assibey made these comments today at the plenary when he moved the motion for commencement of debate on the mid-year budget review which was presented by the finance minister Ken Ofori-Atta last week Thursday in Parliament.
But the figures in economy growth was challaged by the Hon. Member of Parliament for Yiepe/Kusawgu, Alhaji John Jinapoh by providing different figures in terms of economy growth percentage which he believes the NPP government led by President Akufo-Addo has performed very abismal.
Mr Jinapoh said, the NDC employed about eight point four percent(8.4%) of Ghanaian youth, the NPP government is doing negative four point four (-4.4%)
He said, the debt level of Ghana when the NDC was leaving power was at fifty six point seven percent (56.7%) the NPP government has increased it to sixy seven percent (67%), the exchange rate under the NDC was depreciating at eight percent (8%), the NPP government was rather depreciating at thirteen percent (13%) in the year 2017.
He said, the financial sector was growing at eight percent (8%) He said, the financial sector was growing at eight percent (8%) when the NDC was leaving office, the NPP grew at one point six percent (1.6 %) at the end of year 2019.