Despite having more resources than any government ever in the history of Ghana, the data on Ghana’s economy shows that the years under President John Mahama have been worse than any period since the dawn of this century.
Virtually every single economic indicator proves that while the eight years under the NPP between 2001 to 2008 were better than these last eight years under the NDC, the NDC first four years under late President Mills was even far better than these last four years under John Mahama.
These unfortunate but revealing facts came to light yesterday during the Public Lecture delivered by Dr. Mahamudu Bawumia at the National Theatre in Accra.
Starting of with the magnitude of resources the NDC has had, Dr. Bawumia quoted President John Mahama and proceeded to access his record.
“Any assessment of the state of the economy and the performance of the government must be against the background.
At a public lecture in September 2008, then Vice-Presidential candidate John Mahama said: “To whom much is given much is expected.” I would like, with his permission, to borrow his exact words to describe his government’s exact performance in the last 8 years. In this regard, it is important to emphasize for the record that measured in terms of today’s dollars and cedis, no government since independence has had the amount of resources in terms of tax revenue, cocoa exports, gold exports, oil revenues and loans as the two NDC administrations between 2009 and 2016.”
“Under the 8 years of the NPP government, from 2001-2008, taxes and loans amounted to GH¢20 billion. In contrast, taxes, oil revenue, and loans alone over the 8-year period of 2009-2016 would amount to some GH¢248billion. The Mills-Mahama governments would have had in eight years, more than 12 times the nominal resources that the NPP had”, he said.