President John Dramani Mahama has said Ghana has said the quick turnaround of Ghana’s economy is by the grace of God.
According to President Mahama, in his imagination, he thought Ghana’s economy would need about two years for Ghanaians to begin to see a turnaround.
President Mahama noted that Ghana has become a poster child for the International Monetary Fund (IMF) and the World Bank.
He highlighted that anytime he meets the IMF officials and the World Bank Officials they do not believe what has happened in Ghana.
President Mahama noted that Ghana’s progress in the last year has received international recognition and admiration from other African countries, which are now studying Ghana’s policy choices.
He further detailed his government bringing inflation down from 23.8 per cent to 5.4 per cent within a year, and seeing the cedi appreciate by 37 per cent in the same period.
Speaking on the state of the economy during the 23rd Anniversary and Thanksgiving Service of the First Sky Construction Company on Sunday, January 25, President Mahama stated, “I have done this job before, and the crisis we faced was extremely difficult. In my own estimation, I thought it would take about two years to see an economic turnaround. But this is how far God has brought us”.
“We are all surprised and shocked at the speed of the recovery. Whenever I meet IMF and World Bank officials, they are amazed at what has happened in Ghana. Today, Ghana has become something of a poster child for the IMF and the World Bank. Bringing inflation down from 23.8 per cent to 5.4 per cent within a year, and seeing the cedi appreciate by 37 per cent in the same period, can only be attributed to the grace of God,” the President added.
He added, “So when you go to other African countries, they say dont you see Ghana, don’t you see what Ghana has done. And that is why I say, it is by the grace of God.”
“In my own imagination, I thought that we would need about two years to begin to see a turnaround, that is what I thought, but Ebenezer, this is how far God has brought us,” he said.
Meanwhile, a leading member of the New Patriotic Party (NPP), Gabby Otchere-Darko, has showered praises on the John Mahama led NDC-government.
According to Gabby Otchere-Darko, the John Mahama government’s performance has been good.
He further highlighted that he hopes and prays that the good work the Mahama government is doing continues.
Gabby Otchere-Darko, in an interview with GHOne, stated, “This government’s performance has been good so far, I pray it continues”.
In that same interview, Gabby also indicated that both the NPP and NDC must be credited for where Ghana is now.
He added, “We should credit both NPP and NDC for where Ghana is now”.
Also, Dr Yaw Osei Adutwum, a former Education Minister and New Patriotic Party (NPP) flagbearer hopeful, has praised the John Mahama-led NDC government for Ghana’s steady economic management.
Speaking on JoyNews’ Newsfile on Saturday, January 17, Dr Adutwum stated that he is happy that the Mahama government is doing something good for Ghana.
He highlighted that he likes inflation being at 5 per cent, which brings stability and a stable cedi.
Dr Adutwum on Newsfile stated, “Like any Ghanaian, I am happy that the government is doing something good for our nation, bringing stability,” he said on the show when host, Sampson Lardy Anyenini, asked what he makes of the current situation of the economy.
“When I move beyond that, I begin to look at the future of Ghana, and where we can go, then we will have a different discussion. But of course, the government comes in and is able to do certain things; it is not about politics, it is about doing the reality and saying I like 5% inflation, it is a good thing. It brings stability. I like the fact that the cedi is stable, it is a good thing,” he said.
“So we are in a good place, stability, but we have to look beyond that stability to say if there is no oxygen on the patient, what will happen? When I take off the oxygen, if I take off the ten billion intervention, what will happen?.”