The Nana Addo-led administration was characterized as the poorest performance in the nation’s history for the previous forty years by a former deputy minister of information, Felix Ofosu Kwakye.
He said that after Moody’s lowered the nation’s creditworthiness.
The ratings agency also stated that it is particularly concerning because the nation’s Gross Domestic Product is anticipated to reach 80%.
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originally posted by mynewsgh on January 19, 2021
According to Felix Ofosu Kwakye, a former deputy minister of information under the John Dramani Mahama administration, the Nana Addo Dankwa Akufo-Addo and Dr. Mahamudu Bawumia administration has produced the worst economic results in the previous 40 years.
Moody’s has said that Ghana’s debt levels under the current administration are worrying. They’ve predicted that that country’s economy could come under pressure from the rising debt.
According to Moody’s, the country’s Gross Domestic Product is expected to hit 80% which is extremely worrying.
But reacting to this, Felix Ofosu Kwakye, a Minister under John Dramani Mahama’s administration, noted that the current administration is empty and has made the worst economic choices in Ghana’s history.
To him, the Nana Addo Dankwa, Dr. Mahamudu Bawumia administration has taken Ghana beyond HIPC. He said debt is swallowing the country due to poor economic decisions taken by the current administration.
“The Akufo-Addo /Bawumia government has delivered the worst economic performance in forty years. When they took over, our debt to GDP ratio was under 56%, now it is nearing a staggering 80% which is way beyond HIPC levels,” he stated.