The Facts
General Economic Growth
NDC'S PROMISE* NDC'S RECORD
(when leaving office)NPP'S RECORD
2003/2004 1. INFLATION RATE 8% by year 2000 40.5% 12.9%* 2. GDP 7% by year 2000 3.7% 5.2% 3. PER CAPITA INCOME 420 by year 2000 263 350 4. AGRICULTURE GROWTH 4.5% by year 2000 2.1% 6.0% 5. SERVICES GROWTH 7.9% by year 2000 5.4% 4.7% 6. INDUSTRY GROWTH 8.4 by year 2000 3.8% 5.2% 7. LENDING RATE 47.5% 27%** 8. GROSS EXTERNAL RESERVES 0.8% 4 months 9. CEDI DEPRECIATION 49% 7% (Against dollar) 10. TOTAL GOVERNMENT REVENUE ?5,385billion ?21,997.6billion (2003)
*June 2004
* * July 2004
*Source : Programme of Action for First Medium -Term
Development Plan.1997-2000 (Ghana Vision 2020)
