John Boadu addressing the media
The ruling New Patriotic Party (NPP) has described the National Democratic Congress (NDC) as a ‘destroyer’ of socio-economic initiatives.
NPP urged Ghanaians not to vote former President John Mahama back into office in 2020 because he would only destroy what President Akufo-Addo and his administration had worked hard to build.
General Secretary of the NPP, John Boadu, made this known at a press conference yesterday in response to the NDC’s so-called ‘Counter-economic lecture’ held on Thursday, April 4, at the Mensvic Hotel in Accra following government’s Economic Management Team Townhall meeting on Wednesday.
“The NPP, since the beginning of the Fourth Republic, has been the ‘builder’ of Ghana while the NDC had mastered the act of destroying every national economic and social projects that are supposed to better the lives of the ordinary Ghanaians,” Mr. Boadu stated.
Touching on how the NDC has mismanaged the country’s economy over the years, Mr. Boadu observed that “NDC took us to HIPC but did not have the courage to admit it even though it was under an IMF programme in 2000,” adding “it took President Kufuor to have the bulk of Ghana’s debt written off and get Ghana out of the IMF programme. Not only that NPP, through the focused operations of GNPC, made Ghana an oil rich nation but left office before a single barrel of Jubilee oil could be produced.”
According to John Boadu, the previous Mahama administration virtually grounded the country’s economy by taking oil-rich Ghana from a growth trajectory of 14 per cent to 3.4 per cent.
He stated that “also the NPP, under President Kufuor, left office with Ghana’s first credit rating taking us to B+. Before that we were not even rated. Credit rating is necessary for both government and business to transact business and borrow internationally.”
Reject Mahama
According to Mr. Boadu, Ghanaians should “say ‘No’ to a redenominated candidate (Mahama) because he never changes. Mahama – the value is the same. More importantly, the NDC alternative under Mahama is still scary.”
He indicated that “after eight years of NDC economic management, our rating went down from B+ to B-. Yes, B minus under John Mahama! After only 20 months of NPP under Nana Addo Dankwa Akufo-Addo, we have already been upgraded from B- to B. Our upgraded credit ratings earned us an oversubscribed Eurobond issue in multiples of seven at the lowest coupon rate and longer maturity Ghana has ever had.”
BY Melvin Tarlue