• About us
  • Donate
  • WADR
  • Contact us
  • Live Stream
Monday, July 4, 2022
Loud Silence News
Advertisement
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
Loud Silence News
No Result
View All Result
Home Ghana News

Third Class Economics Graduate Akufo Addo says Mahama can’t lecture Him on economic management, he was abysmal and disastrous

News Reporter by News Reporter
September 10, 2021
in Ghana News
0
168
SHARES
935
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

The President, Nana Addo Dankwa Akufo-Addo, has described John Dramani Mahama’s time in office as an unmitigated disaster, adding that his economic track record, from 2013 to 2016 was abysmal.

President Akufo-Addo said this on Friday, 10th September 2021, in response to a question posed by a journalist at Vovradio, in which she referenced a statement made by former President John Mahama accusing the current government of economic mismanagement.

You might also like

Teacher unions declare nationwide strike demanding ‘Cost of Living Allowance’

NPP Will Not Apologise to Ghanaians for mismanagement of the Economy— Buaben Asamoa

Economic hardship affects church attendance, offertory getting low

The President is on a tour of the Volta Region, after visiting the Oti Region.

Responding to the statement, the President stated that “I wonder whether this statement was made tongue in cheek by the former president. When you look at the record that this political leader, who can accuse my government of mismanagement, there are a few facts that when you put on the table to compare his performance and mine, it would tell you whether what I am offering the people is economic mismanagement.”

He continued, “I wonder what words should we describe his (Mahama) stewardship of Ghana. It is an unmitigated disaster, that’s what I would call him.”

According to President Akufo-Addo, under the tenure of office of John Mahama, the economic growth rate in 2016 stood at 3.4%, the lowest in two decades; with all other macroeconomic indicators pointing in the wrong direction.

“Inflation, when he left office, was 15.4%; today, at the end of July, which are the last hard facts from the Statistical Service, it’s 9%. Interest rates are always a good determinant of how the economy is operating, 32% in December 2016, today, it is 20.6%. We are talking about treasury bill decline in interest rate, we are talking about the trade deficit that was $1.8 billion in 2016, to a trade surplus of $2.6 billion at the end of 2019,” the President said.

He stressed that if these statistics, which, prior to COVID-19, led to Ghana being one of the fastest-growing economies in the world with a GDP of 7%, “can be considered economic mismanagement”, he then wondered what would be the description of the economy managed by John Mahama, which took Ghana into the embrace of the IMF.

Responding again to comments made by John Mahama, asking the government to organise an economic forum, President Akufo-Addo stated that “if the economic forum is going to be a repetition of the so-called Senchi Consensus, then I think I have to spare the people of Ghana this sort of development.”

He continued, “The Senchi Consensus was an unmitigated disaster, out of it we went into the embrace of the IMF with all the difficulties that came from there and the disarray it pointed to in the economy of our country.”

The President, thus, urged former President Mahama to be wary of commenting on matters to do with economic management.

“He is not on strong ground when he is talking about the economy. His track record, I am reluctant to use these strong words, but in normal parlance, I would say it is abysmal and, therefore, he has no lessons to give me at all in the management of the economy,” President Akufo-Addo added.

Previous Post

GES suspends Headmaster who ‘brutalised’ student

Next Post

Owusu Bempah’s attack Dogs brandish guns on social media; threatens to Kill Agradaa

News Reporter

News Reporter

Related Posts

Teacher unions declare nationwide strike demanding ‘Cost of Living Allowance’
Education

Teacher unions declare nationwide strike demanding ‘Cost of Living Allowance’

by News Reporter
July 4, 2022
NPP Will Not Apologise to Ghanaians for mismanagement of the Economy— Buaben Asamoa
Ghana News

NPP Will Not Apologise to Ghanaians for mismanagement of the Economy— Buaben Asamoa

by News Reporter
July 4, 2022
Economic hardship affects church attendance, offertory getting low
Ghana News

Economic hardship affects church attendance, offertory getting low

by News Reporter
July 4, 2022
The government is not a financial institution to loan you money for your individual businesses – Afriyie Akoto to poultry farmers
Ghana News

The government is not a financial institution to loan you money for your individual businesses – Afriyie Akoto to poultry farmers

by News Reporter
July 4, 2022
Akufo-Addo still has confidence in Ken Ofori-Atta – Oppong Nkrumah
Ghana News

Akufo-Addo still has confidence in Ken Ofori-Atta – Oppong Nkrumah

by News Reporter
July 4, 2022
Next Post

Owusu Bempah’s attack Dogs brandish guns on social media; threatens to Kill Agradaa

Recommended

States lifting stay-at-home orders, reopening businesses

April 30, 2020

Amidu’s Office Should Be Converted Into Isolation Centre For COVID-19 Patients – Chief Biney | Politics

May 5, 2020

Categories

  • African Business
  • African Education
  • African Health
  • African News
  • African Politics
  • African ShowBiz
  • Education
  • Ghana Business
  • Ghana News
  • Ghana ShowBiz
  • Ghana Sports
  • Human Interest Stories
  • News
  • Opinion
  • People
  • ShowBiz
  • Social Trends
  • US Business
  • US Education
  • US Health
  • US News
  • US Politics
  • US Showbiz
  • WADR
  • World Business
  • World News
  • World Politics
  • World Showbiz
  • World Sports

Don't miss it

How Kindhearted Mrs. Lordina Mahama is Touching and Changing Lives.
Ghana News

How Kindhearted Mrs. Lordina Mahama is Touching and Changing Lives.

June 21, 2022
Planting For Food and Jobs Has Been A Success- Agric Minister
Ghana News

Planting For Food and Jobs Has Been A Success- Agric Minister

June 21, 2022
Akufo Addo Blame Covid and Russia-Ukraine War for Poverty In Africa
Ghana News

Akufo Addo Blame Covid and Russia-Ukraine War for Poverty In Africa

June 21, 2022
Aggrey Memorial School Security Guard reportedly Raped A Female Student After Prep Hours
Education

Aggrey Memorial School Security Guard reportedly Raped A Female Student After Prep Hours

June 21, 2022
Aggrey Memorial School Security Guard reportedly Raped A Female Final Year Student After Prep Hours
Education

Aggrey Memorial School Security Guard reportedly Raped A Female Final Year Student After Prep Hours

June 21, 2022
Nana Addo is doing great as President, don’t be ungrateful – Evangelist Diana Asamoah to Ghanaians
ShowBiz

Nana Addo is doing great as President, don’t be ungrateful – Evangelist Diana Asamoah to Ghanaians

June 21, 2022

About Us

LOGO

Loud Silence Radio & TV Network and is a multi media production company focusing on Ghanaian and African news.

Contact

  • Alexandria, Virginia, USA
  • +1 212-602-9641
  • loudsilenceradio@gmail.com
Facebook Twitter Youtube Linkedin

Download App

google play store

© 2021 Loud Silence Media. All rights reserved.

  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
Menu
  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.