The Minority in Parliament has disputed claims that the recent improvement in Ghana’s economy under President John Mahama is due to the government’s competence.
Speaking at a press briefing on Monday, January 26, Minority Leader Alexander Afenyo-Markin said the current economic gains are largely driven by external factors rather than effective economic management.
He explained that support from the IMF, debt relief measures, increased commodity exports, and reduced government spending are the main contributors to the economic upturn, rather than reforms or restructuring efforts by the current administration.
“We have been told that the economy is doing well. That is not in doubt, but the question is: is the economy doing well because there is prudent management of our economy, or is it that this government has introduced some social intervention programs that have, in themselves, created an opportunity for young, ambitious Ghanaians?
“We hereby submit that the so-called gains were not born out of the government’s competence in the management of our economy. Rather, the IMF program, debt relief, rising commodity exports, and reduced expenditure are the major reasons for the upswing in Ghana’s economy,not a re-engineering of the economy,” he said.
