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22 September 2016

Anyidoho scores Mahama 2 out 10 on economy

anyidoho-pncRunning mate of the People’s National Convention (PNC) and economist, Emmanuel Anyidoho has scored President Mahama two out of ten on the economy.

Speaking in exclusive interview with Kwabena Agyapong on Rainbow Radio 87.5Fm, the Harvard trained economist said it will be difficult to score the NDC’s performance on economy but he will give them 2 out of 10.

The NDC he explained has got everything wrong in the management of the economy. He wondered why the NDC blames the previous government for its abysmal performance on the economy. Emmanuel Anyidoho noted that, government should have raised more revenue or cut on its expenditure as means of keeping a lower deficit.

The expenditure of government he said is far huge than its revenue and that has been the challenge of this country. The running mate of Dr. Nasigri Mahama said, once you have a deficit, inflation is increased which will affect interest rates and that will also affect business because they are unable to go for loans to expand their businesses.

In his view, factories are collapsing and business people are folding up because of these alarming factors. Government, he lamented has not created a conducive environment for businesses to thrive.

The NDC should have transformed lives over the last 8 years but they’ve failed to do that, he underscored. Mr. Emmanuel Anyidoho went on to say that, once government’s expenditure exceeds it revenue, then the deficit has to be financed by the Central Bank or from an external loan facility.

The PNC he stressed will turn around Ghana’s economy, empower the private sector, and we will implement a number of measures to boost confidence in investors.

Highlighting their key policies on achieving the economic transformation, he said, the party will ensure a balance of the macro-economy and when that is done, all others will be stabilised.

The poor management of the economy led Ghana to the IMF and because the IMF is a business entity, they gave us strict measures, so we are to pay them on time, he added. Economic discipline he added, will ensure stability, job creation and proper management of state asserts.

 

Source: rainbowradioonline.com

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