{"id":605749,"date":"2019-04-07T03:49:23","date_gmt":"2019-04-07T03:49:23","guid":{"rendered":"<br><div>\n<p class=\"floatLeft\">General News of Sunday,  7 April 2019<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>XYZ <\/p>\n2019-04-07\n\n<div class=\"article-left\">\n<p class=\"article-image\"><img src=\"https:\/\/cdn.ghana-mma.com\/2019\/04\/77728991.295.jpg\" "},"modified":"2019-04-07T03:49:23","modified_gmt":"2019-04-07T03:49:23","slug":"reality-of-economy-exposing-lies-of-akufo-addos-government-mahama","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/04\/07\/reality-of-economy-exposing-lies-of-akufo-addos-government-mahama\/","title":{"rendered":"Reality of economy exposing lies of Akufo-Addo\u2019s government \u2013 Mahama"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"floatLeft\">General News of Sunday,  7 April 2019<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>XYZ <\/p>\n<p>2019-04-07<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.ghanamma.com\/2019\/04\/77728991.295.jpg\" alt=\"MAHAMA CONGRESS 696x569\" title=\"MAHAMA CONGRESS 696x569\" width=\"295\" height=\"241\" \/><span class=\"play-icon\">play video<\/span><span class=\"image_caption\"><span>Former president John Mahama<\/span><\/span><\/p>\n<\/div>\n<p style=\"clear:right\"> Former president John Mahama has said the economic hardship Ghanaians are facing now is exposing the \u201clies\u201d of the New Patriotic Party (NPP) government.<\/p>\n<p>Mr Mahana also believes the government will soon be exposed the more, as the reality of the ground is in variance with the economic figures being put out by the government\u2019s Economic Management Team (EMT) led by Vice President Mahamudu Bawumia.<\/p>\n<p>\u201cYou can do all the lies and propaganda with the economy [that] you like, the reality of the people\u2019s lives will expose you,\u201d Mr. Mahama said at an economic lecture organised by Coalition for Restoration and the opposition National Democratic Congress (NDC) in Accra Thursday, April 4, 2019.<\/p>\n<p>His comment comes a day after vice president Dr Mahamudu Bawumia had addressed a Town Hall Meeting in Accra over the economy of the country.<\/p>\n<p>At the event, Dr Mahamudu Bawumia, among other things, attributed the recent depreciation of the Ghana cedi \u2013 one of the major challenges of the country\u2019s economy \u2013 to directives from the International Monetary Fund (IMF).<\/p>\n<p>\u201cOne of the conditions that the Bank of Ghana had to meet was to increase its net international reserves to the level of December 2018. To increase the net international reserves, however, meant that the Bank of Ghana could not sell any foreign exchange in the market. They had to essentially hold their hands to the back and could not intervene on the market during this particular period.\u201d<\/p>\n<p>\u201cLooking to the future,\u201d Dr Bawumia noted, \u201cone can say that Ghana\u2019s future under the leadership of President Nana Addo Dankwa Akufo-Addo is bright and the prospects of growth are promising.\u201d<\/p>\n<p>But at the NDC lecture, former president Mahama indicated the reality was different from the said policies the NPP claimed it had put out for Ghanaians.<\/p>\n<p>Bolgatanga Central MP, Mr Isaac Adongo, who was the main speaker at the lecture, explained that NPP was short-changing Ghanaians because the government had taken loans with high-interest rates only to \u201cconsume\u201d, leaving capital expenditure out.<\/p>\n<p>He said the Mahama administration rather borrowed to build hospitals, roads, schools, power plants that solved the country\u2019s power challenges, among others yet the NPP had nothing to offer in terms of their massive borrowing spree.<\/p>\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>General News of Sunday, 7 April 2019 Source: XYZ 2019-04-07 play videoFormer president John Mahama Former president John Mahama has said the economic hardship Ghanaians are facing now is exposing the \u201clies\u201d of the New Patriotic Party (NPP) government. Mr Mahana also believes the government will soon be exposed the more, as the reality of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":605750,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-605749","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reality of economy exposing lies of Akufo-Addo\u2019s government \u2013 Mahama - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/04\/07\/reality-of-economy-exposing-lies-of-akufo-addos-government-mahama\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Reality of economy exposing lies of Akufo-Addo\u2019s government \u2013 Mahama - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"General News of Sunday, 7 April 2019 Source: XYZ 2019-04-07 play videoFormer president John Mahama Former president John Mahama has said the economic hardship Ghanaians are facing now is exposing the \u201clies\u201d of the New Patriotic Party (NPP) government. 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