{"id":605320,"date":"2019-04-05T13:49:13","date_gmt":"2019-04-05T13:49:13","guid":{"rendered":"

Associate Professor of Economics, Eric Osei-Assibey has said \"there seems to be some turnaround on the macroeconomic front.\"<\/p>

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Focus on the facts for your economic choices, not the political rhetoric, an Associate Professor of Economics has urged, following varied political verdicts on the state of the economy. \u00a0\u00a0\u00a0<\/span><\/span><\/p>\n

Dr. Eric Osei-Assibey said it should be obvious to even the disinterested observer that the facts of Ghana\u2019s economy points to a state of macroeconomic recovery, a situation he insists the IMF has attested to. <\/span><\/span><\/p>\n

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\u201cI as an economist will always look at the facts, I look at the evidence, and I look at numbers to actually pass judgment on an economy because politicians will always have their way and their say,\u201d he said on the Joy FM\u2019s Super Morning Show Friday. <\/span><\/span><\/p>\n

Osei-Assibey\u2019s remarks seek to settle Ghanaians who might have been unsettled by the trading of accusations by senior members of both the NPP and NDC.\u00a0\u00a0<\/span><\/span><\/p>\n

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Following a distressed economy, Ghana entered into an International Monetary Fund Programme in 2014. After five years, it exited on Tuesday. <\/span><\/span><\/p>\n

\u00a0<\/span><\/span>\"bawumia44\"<\/p>\n

At the Wednesday Town Hall Meeting<\/b> by the government\u2019s\u00a0Economic Management Team, the Vice President said Ghana went to the IMF because of bad management of the economy managed by the erstwhile National Democratic Congress government. <\/span><\/span><\/p>\n

\u00a0\u201cDebt pileup began, debt service became burdensome on the budget, inflation soared, external trade balances worsened and the economy became more and more vulnerable to external shocks.<\/span><\/span><\/p>\n

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\u201cThis poor state of public finances, weak policy implementation and lack of policy credibility resulted in Ghana requesting an IMF bailout in August 2014,\u201d Dr. Bawumia told his audience at the College of Physicians and Surgeons. <\/span><\/span><\/p>\n

\"Isaac<\/p>\n

But this has been disputed. <\/span><\/span><\/p>\n

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At the meeting by the Coalition for Restoration Thursday, Bolgatanga Central Member of Parliament said this economy is on life support as it has been propped by excessive borrowing.<\/b><\/span><\/span><\/p>\n

\u201cIn 2018, we went to borrow $750 million and only $119 million was spent on capital expenditure and 631 million dollars on consumption. Our children will have to pay for this and they have nothing to show for it.<\/span><\/span><\/p>\n

\u201cNo wonder they were celebrating with kenkey and fish. The kenkey will end up in consumption. It will end up here with our Eurobonds,\u201d Isaac Adongo told the gathering of NDC supporters composed of former government appointees.<\/span><\/span><\/span><\/span><\/p>\n

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In the midst of the confusion, the economist, Osei-Assibey said Ghanaians should let the facts decide. <\/span><\/span><\/p>\n