NPP Welcomes EIU Report

Yaw Buaben Asamoa

THE RULING New Patriotic Party (NPP) has officially welcomed the latest political and economic outlook report of the Economic Intelligence Unit (EIU), describing it as a “constructive analysis” of the governance of the country.

“This is because objective analysis extends the democratic tenet of free speech, and provides perspectives capable of informing policy reform,” the party explained in a statement issued and signed by its National Communications Director, Yaw Buaben Asamoa.

According to the NPP, the EIU has a record of reviewing Ghana’s governance systems, especially potential political outcomes, adding, “To buttress its prediction of the National Democratic Congress (NDC) winning the presidential election and the parliamentary elections by a slim margin in 2024, the EIU touts its record of successful predictions over the years.”

The party pointed out that the EIU hinged its prediction on the “usual assumption”, and said it is a fact that presidential power has been rotating over eight-year periods in the Fourth Republic.

“If NDC wins, it will not be news. But if the NPP wins, it would be a remarkable achievement that would demonstrate the coming of age of electoral politics in Ghana,” the statement indicated.

It stressed that an NPP victory in 2024, christened: “Breaking the Eight” would be a more unusual event than an NDC victory, based on the history of elections in the Fourth Republic.

The NPP noted, however, that EIU introduced a “new and significant double-edged factor” into the eight-year cycle, and said this is “the quality of leadership.”

“EIU implies that former President Mahama’s record of leadership is so poor that if he becomes the candidate, the NDC’s predicted win goes up in smoke,” the statement asserted.

It added that “this is a huge boost to the NPP’s effort of ‘Breaking the Eight’, since we are confident that the NPP candidate will have a better governance record based on the cumulative achievements of the NPP in the Fourth Republic.”

On the issue of slow governance progress, as referenced by the EIU’s report as another reason for change in 2024, the NPP said the cumulative record of the party in the Fourth Republic is better on unemployment, infrastructure, and anti-corruption factors than the NDC.

“But more importantly, NDC has not demonstrated any policy capacity capable of turning out better and faster outcomes in the areas listed. Indeed, the tendency is for the NDC to set the country back in respect of these factors whenever the eight-year cycle kicks in. The NPP builds and the NDC destroys.

“Political stability is also a product of the NPP’s quiet yet hard work on the security front. Notwithstanding increased threats of regional instability spilling over into Ghana, piracy in the Gulf of Guinea, and sometimes very extremist talk from anarchic elements, the EIU predicts without hesitation that there will be political stability over the next five years. A plus for free, fair, and violence free elections,” the statement said.

On the economy, the NPP asserted that no country is immune to the “twin scourges of COVID-19 and the Russia/Ukraine conflict,” and that the NDC’s solution to the economic difficulties driven by these factors is to seek solace in the IMF.

“Abandon their leadership to the excuse of the IMF and feed off the crumbs of the harsh austerity measures that would roll back all the socially sensitive policies the NPP is sustaining to cushion the Ghanaian.

“Needed to ride over this difficult phase is a strong bureaucratic commitment to efficiently and effectively implement the expenditure cuts and revenue measures outlined by the government. Given an impetus by increased collections on the E-Levy, reliance on external debt will gradually reduce, leading to increased growth by 2024,” it intimated.

BY Ernest Kofi Adu