Member of Parliament (MP) for the Yapei Kusawgu Constituency of the Savannah Region, John Abdulai Jinapor has described the governing New Patriotic Party’s handling of the Ghanaian economy as catastrophic.
The former Deputy Minister for Power while contributing to a debate on the 2020 Mid-year budget review in Parliament said the current growth rate of major sectors of the economy shows that the NPP has no “clue as to how to deal with challenges.”
His comments were in response to claims by Information Minister, Kojo Oppong Nkrumah that the Akufo-Addo led administration has shown ‘pro-activeness’ in dealing with the coronavirus pandemic and ensuring the Ghanaian economy is back on its feet.
According to John Jinapor, the records and figures on the ground show otherwise.
“When we were leaving office, the fishing sector was growing at 3.1, today it’s growing at 1.7, the manufacturing sector, the key area, we were growing at the 7.9, they’re doing 6.3, the construction that employs the bulk of the youth, we were doing 8.4, today they are doing -4.4. Our debt level was 56.7% today they have increased our debt to 67% the exchange rate we depreciating at 8% end of the year 2019, the cedi depreciated by 13%.”
“The financial sector, when we were leaving was growing at 8%, end of the year 2019, you grew at 1.6% this is an abysmal performance. This is your record,” he chided.
Mr Jinapor said while the John Mahama-led administration left an interest payment of 10 billion cedis, the Akufo-Addo government has an interest payment of 26 billion which shows the economy is on the verge of a “catastrophic” state.
“This economy is in a state of coma, it’s on the verge of getting into a catastrophic state. There’s only one thing we can do as a country and I speak as a patriotic Ghanaian, that the people of Ghana have to reject this incompetent government that has demonstrated that it has no clue as to how to deal with challenges,” he indicated.
Adding, “It is clear that contrary to the promises received by the Akufo-Addo government, they have failed and the failure is unprecedented in the history of this country.”