The ranking member of finance, Isaac Adongo has painted a rather gloomy picture of the Ghanaian economy contrary to what is being portrayed by the President and his appointees.
He said the Ghanaian economy can be likened to ‘Kwashiakor’ because it lacks the necessary ingredients to allow the citizenry inure from its full potentials disclosing that most of the sectors are beginning to record a negative growth under the current administration.
“How can you go around telling the international community you are building a resilient and robust economy when you are building a ‘Kwashiakor’ economy with negative growth that is collapsing every day”, he asked.
The lawmaker is also accusing the current administration of cooking figures about the real state of the Ghanaian economy to deceive the international community as a way of wooing investors when the actuals compared to what is being claimed varies.
Mr Adongo said this cannot be a growing economy the NPP government is trying to sell to the world insisting that, the country is not an oil and gas country but one that uses the service, manufacturing and agriculture sectors that unleashes its full potentials in order to create sustainable employment for its youth.
“You are delivering shrinking manufacturing sector, you are shrinking power sector and as a matter of fact you are delivering a shrinking ICT sector that is the main driver of the national economy which is declining from 21% to 13% by the end of 2017, so clearly the Ghanaian economy is in very very bad shape and that cannot be the economy they are touting about”, he stressed.
In his view, this amounts to deceit underscoring the need for the international community to know the truth in order to decide if the Ghanaian economy is worth investing in or otherwise.
Addressing the UDS Navrongo branch of the Tertiary Educational Institutions Network (TEIN), the outspoken lawmaker did not mince words in lashing out at the Economic Management team of the current administration saying they have let Ghanaians down.
“The government in its bid to raise more money is now attempting to deceive the international investor community by cooking figures to portray that the economy is good. They are all over the place cooking data to suggest that if the bonds are purchased, one is making a good business decision”, he disclosed.
According to him, the NDC will not make comments to scare potential investors like the NPP did while in opposition but will ensure that the truth is exposed for persons seeking to invest to know the background of the economy they are sinking their investments in.
“We won’t scare investors like they did during our time but will tell them the true picture in order to develop the country. It is also important to let them know that they are riding on the back of major successes chalked under Mahama’s administration in some of the areas they appear to be doing well. The Ghanaian economy is in bad shape contrary to the picture being portrayed by many and records negative growth in some instances”
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