A member of the New Patriotic Party (NPP) Leslie Louis Gardner-Boadi has refuted claims by the opposition National Democratic Congress (NDC) that government is mishandling the economy.
Speaking on V Africa’s Morning show, Leslie dispelled figures churned out by former deputy finance minister, Ato Forson at an economic dialogue last Monday warning that Ghana could return to HIPC if urgent measures are not instituted to wheel the economy from its current course.
“Ato Forson engaged in voodoo economics and people should treat their claims with the contempt. The figures he released can be described as voodoo. When we took office in 2017, the debt to GDP was 72.5%. What we are faced with is a party in opposition that is just complaining and bundling figures around. Our debt to GDP right now is 76.6%. When it comes to inflation, at the time the NDC left office, it was 17.7%. As we speak today inflation rate is 9.8% and expected to reach 7.8%. Look at our monitoring policy, NDC bequeathed to us an interest rate of 26% and today as we speak it is 13.5%.
“On the face of all that I’m saying, you can clearly see that we are on track. When we came into power, there were debts so we had to pay contractors over 6 billion. We have paid contractors. Look at the debt they left us in NHIS, 1.2 billion cedis and we have paid over 1 billon. Even in the face of COVID-19 we still managed to grow the economy,” he was quoted by ghanaweb.