NPP engenders hope for Ghanaians — Dr Bawumia
The Vice-President, Alhaji Dr Mahamudu Bawumia, has said the time has come to position the ruling New Patriotic Party (NPP) in a manner that engendered hope, trust and confidence, “both in ourselves and the larger Ghanaian community in order to break the eight.”
That, he said, had become paramount due to the socio-economic hardships faced by the nation as a result of the COVID-19 pandemic and the Russia-Ukraine war.
“We have not had it all rosy and delivered everything that we set out to do from our day of initiation into office.
But the setbacks notwithstanding, we have produced a solid track record of achievements,” Dr Bawumia said.
The Vice-President was speaking at a conference held in London and organised by the United Kingdom Chapter of the NPP.
Dr Bawumia was in the UK to attend on one hand the 3rd Ghana Investments and Opportunities Summit (GHIOS) jointly organised by the Ghana Investments Promotion Centre (GIPC) and the Ghana High Commission in UK and on the other hand, co-chair the 8th UK-Ghana Business Council (UKGBC) meeting.
Crisis
He said the pandemic affected global supply chains and the response put a burden on public finances.
“The war hit fertiliser and grain prices among others and increased the prices of commodities in the country caused by an inflation from 12.9 per cent in December 2021 to 54 per cent by December 2022 with an attendant depreciation of the cedi by 30 per cent in 2022,” he said.
The two crises, he said, came at a time when the nation was still paying $1 billion annually for power it did not consume over the last six years under dubious energy Power Purschase Agreement inherited from the previous government.
“The combined effects of these phenomena blighted an economy that grew at an average rate of about seven per cent between 2017-2019. Our debt became unsustainable and the government had to undertake a domestic debt restructuring and seek International Monetary Fund (IMF) support to stabilise our economy,” he stressed.
Judge by achievement
The Vice-President said the dire developments had been latched on by the government’s main opposition, the National Democratic Congress (NDC) to downplay the achievements of the government in the last six years.
“There has been so much talk from politicians and commentators alike.
The Vice-President, Alhaji Dr Mahamudu Bawumia, has said the time has come to position the ruling New Patriotic Party (NPP) in a manner that engendered hope, trust and confidence, “both in ourselves and the larger Ghanaian community in order to break the eight.”
That, he said, had become paramount due to the socio-economic hardships faced by the nation as a result of the COVID-19 pandemic and the Russia-Ukraine war.
“We have not had it all rosy and delivered everything that we set out to do from our day of initiation into office.
But the setbacks notwithstanding, we have produced a solid track record of achievements,” Dr Bawumia said.
The Vice-President was speaking at a conference held in London and organised by the United Kingdom Chapter of the NPP.
Dr Bawumia was in the UK to attend on one hand the 3rd Ghana Investments and Opportunities Summit (GHIOS) jointly organised by the Ghana Investments Promotion Centre (GIPC) and the Ghana High Commission in UK and on the other hand, co-chair the 8th UK-Ghana Business Council (UKGBC) meeting.