Business News of Saturday, 15 February 2025

Source: starrfm.com.gh

NPP never mismanaged Ghana’s economy – Stephen Amoah

Former Deputy Minister of Finance, Dr. Stephen Amoah Former Deputy Minister of Finance, Dr. Stephen Amoah

The former Deputy Minister of Finance, Dr. Stephen Amoah, has dismissed claims that the New Patriotic Party (NPP) mismanaged Ghana’s economy.

Speaking on GHOne TV's Hard Talk show, he maintained that the country faced an economic crisis, not mismanagement, despite widespread speculations and assumptions that the Akufo-Addo-Bawumia administration was responsible for economic mismanagement.

Dr. Amoah challenged the narrative that the Akufo-Addo administration had run the economy into distress, citing economic indicators from 2016 and beyond to support his stance.

Dr. Amoah maintained that Ghana’s economic struggles were due to global economic disruptions rather than the NPP’s policies.

“Who told you we mismanaged the economy?” he asked. “We took over an economy in 2016 growing at 10.4%, with industry at 2.7% and inflation at 15.5%. The economy we inherited was growing almost twice as fast when we were leaving power. But we have a country where, when the indicators are bad, we have issues, but when they are good, it doesn’t matter.”

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