{"id":648324,"date":"2019-07-01T19:42:10","date_gmt":"2019-07-01T19:42:10","guid":{"rendered":"
\n\t\t\n

Samuel Ofosu-Ampofo and John Mahama listening to Prof. Charles Chukwuma Soludo<\/b><\/p>\n\n\n\n

A FORMER Governor of the\nCentral Bank of Nigeria (CBN), Professor Charles Chukwuma Soludo, on Friday commended\nGhana highly for doing better th"},"modified":"2019-07-01T19:42:10","modified_gmt":"2019-07-01T19:42:10","slug":"nigerian-banker-stuns-ndc","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/07\/01\/nigerian-banker-stuns-ndc\/","title":{"rendered":"Nigerian Banker Stuns NDC –"},"content":{"rendered":"

<\/p>\n

\n

Samuel Ofosu-Ampofo and John Mahama listening to Prof. Charles Chukwuma Soludo<\/b><\/p>\n

A FORMER Governor of the
\nCentral Bank of Nigeria (CBN), Professor Charles Chukwuma Soludo, on Friday commended
\nGhana highly for doing better than his home country, especially in the areas of
\nmacro-economic stability and fiscal performance.<\/p>\n

Prof. Soludo, who was
\nspeaking at the maiden Amissah-Arthur Memorial Economic Forum as the guest
\nspeaker, lauded Ghana\u2019s stability and improvement in its economic management
\nover the years.<\/p>\n

Unlike previous events which
\nwitnessed propaganda-laced deliveries by speakers and cast the ruling party in
\nbad light, the Nigerian economist was straight to the point to the seeming surprise
\nof his audience, most of whom were NDC leaders.<\/p>\n

According to him, the feats chalked
\nup by the Akufo-Addo government had made Ghana one of the giants in West Africa
\nand Africa as a whole.<\/p>\n

\u201cGhana is doing relatively well comparatively.
\nOn the size of GDP, Ghana is now the 10th<\/sup> largest in Africa as of
\n2018. Remember what I said about the B (biggest) \u2013 10 countries with GDP growth
\naveraging over 6 per cent recently. Nigeria is stuck at 2 per cent, just for
\ncontext. Unemployment less than 3 per cent, Nigeria is at 23 percent; while
\nyouth unemployment is about 13 per cent, Nigeria\u2019s is 36 per cent. And poverty
\nindex \u2013 8 to 10 per cent depending on the measure of poverty, whether you use
\n1.5 dollars or 1.9. Nigeria, some people now characterise us as a poverty
\ncapital of the world,\u201d he said.<\/p>\n

Ghana\u2019s inflation rate which has hit single digit for many months and is currently at 9 per cent did not escape the analysis of Prof. Soludo.<\/p>\n

\"\"<\/figure>\n

Prof. Charles Chukwuma Soludo<\/strong><\/p>\n

Peace Index<\/strong><\/p>\n

\u201cIf you go by the publication by the Friends of Peace<\/em>, on the fragile states
\nindex, Ghana is the most stable country in West Africa. Ghana is ranked 110th<\/sup>
\nout of 178 countries in the world and Nigeria ranks 14th<\/sup> with Yemen
\nand Somalia ranking 1st<\/sup> and 2nd<\/sup> respectively. So you can
\nput the context. It\u2019s ranked from the worst to the best. Nigeria is on the red
\nalert list and you guys are competing with most several of the developed
\ncountries of the world. <\/p>\n

\u201cSo, there is something to often have some
\nfear. I present comparative figures for Nigeria and not just because it is your
\nWest African neighbour, but as Africa\u2019s largest economy and whose structure is
\nsimilar to yours, largely dependent on primary commodities. <\/p>\n

\u201cWhatever Ghana is doing to produce these
\nresults including its macro-economic stabilization especially fiscal
\nconsolidation and structural policies, it must intensify albeit with continuous
\ninnovations and reforms.\u00a0 Comparisons are
\nnot to make you complacent or depressed, but to put your efforts in context.
\nNever take what you have achieved for granted,\u201d he added.<\/p>\n

The World Bank has projected
\nGhana\u2019s growth target for 2019 to be 7.4% \u2013 an industry-driven progress
\nespecially by oil, gas and mining.<\/p>\n

With manufacturing expected
\nto post a higher growth and a medium-term (2019-2022), overall GDP is projected
\nto grow on average at 7.0%, as the effects of oil on growth declines and
\nnon-oil growth strengthens.\u00a0<\/p>\n

The visiting former Governor did not overlook the President\u2019s flagship initiatives when he advised the inclusion of \u2018One Village, One Clinic\u2019 which he said should be powered by technology to improve living standards of the people. <\/p>\n

By A.R. Gomda<\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Samuel Ofosu-Ampofo and John Mahama listening to Prof. Charles Chukwuma Soludo A FORMER Governor of the Central Bank of Nigeria (CBN), Professor Charles Chukwuma Soludo, on Friday commended Ghana highly for doing better than his home country, especially in the areas of macro-economic stability and fiscal performance. Prof. Soludo, who was speaking at the maiden […]<\/p>\n","protected":false},"author":1,"featured_media":648325,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-648324","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"\nNigerian Banker Stuns NDC - 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\/07\/01\/nigerian-banker-stuns-ndc\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Nigerian Banker Stuns NDC - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Samuel Ofosu-Ampofo and John Mahama listening to Prof. Charles Chukwuma Soludo A FORMER Governor of the Central Bank of Nigeria (CBN), Professor Charles Chukwuma Soludo, on Friday commended Ghana highly for doing better than his home country, especially in the areas of macro-economic stability and fiscal performance. 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