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Go Back To Mahama’s Economic Proposals To Reverse Declining GDP – Terkper To Government
Former Finance Minister, Seth Terkper has charged government to go back to some proposals made by the erstwhile NDC government to salvage the negative growth of the country’s Gross Domestic Product (GDP).
His comment comes after caretaker Finance Minister, Osei Kyei-Mensah-Bonsu disclosed that Ghana’s debt stock stood at GHS291.6 billion, representing 76.1% of GDP, as of December 2020.
Speaking on Citi TV’s the big issue, he said the current government must revisit some proposals that the previous government had put in place to take care of the worsening GDP growth rate.
“When you talk about a 3.7% growth and you ignore it, you are also belittling a minor crisis like ‘dumsor,’ global financial crisis and fall in crude prices at the time, which they are not admitting. It’s the result of the fall. Right now, we have gone into recession for the first time in 40 years and our growth is decimal. At the time we were performing at 3.7%, other African economies like South Africa, Nigeria and the rest were going into recession experiencing negative growth. So now that both governments have gone into crisis, I just want us to go back to some of the proposals the NDC put in place”, he suggested.
