Vice President Dr. Mahamudu Bawumia
Vice-President Dr. Mahamudu Bawumia has attributed Ghana’s rapid economic growth under President Akufo-Addo to competent economic management.
He was speaking at the closing ceremony of the Nation Builders Corps (NABCO) first anniversary conference and career fair in Accra.
According to him, Ghana’s transition from amongst the slowest economies in the world in 2016 to one of the fastest growing economies, and expectedly the fastest growing economy in 2019 was not by coincidence.
He said, “So from amongst the slowest in 2016 to amongst the fastest growing in 2018 and 2019. It cannot be a coincidence. It is as a result of competent economic management.”
“You will remember that in 2016, Ghana was almost the slowest growing economies in the developing world, with about 3.6 per cent growth. Today, the data shows that this year, Ghana will be the fastest growing economy in the world,” Dr. Bawumia noted.
“In 2019, Ghana is going to be the fastest growing economy, according to the IMF. In 2018, Ghana was also amongst if not the fastest growing economy in the world,” he said.
He highlighted the sharp drop in inflation, saying inflation today stands at 7.6 per cent.
Touching on the operations of NABCO, he indicated, “What the government of Nana Akufo-Addo is doing with NABCO is just one piece of a greater jigsaw that we are putting together for the transformation of Ghana as a whole.”
BY Melvin Tarlue