{"id":148954,"date":"2024-02-08T08:55:45","date_gmt":"2024-02-08T08:55:45","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/02\/08\/weve-revived-ghanas-economy-bawumia\/"},"modified":"2024-02-08T08:55:45","modified_gmt":"2024-02-08T08:55:45","slug":"weve-revived-ghanas-economy-bawumia","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/02\/08\/weve-revived-ghanas-economy-bawumia\/","title":{"rendered":"We&#8217;ve revived Ghana&#8217;s economy &#8211; Bawumia"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Dr. Mahamudu Bawumia, the flagbearer of the governing New Patriotic Party, claims the country is recovering from the economic crisis it faced.<\/p>\n<p>He acknowledged the challenging state of affairs when the NPP assumed leadership but emphasised their success in revitalizing the nation.<\/p>\n<p>In his address to the nation on February 7, 2024, outlining his vision for the country, Dr. Bawumia acknowledged the difficulties faced between 2019 and 2022 due to the COVID-19 pandemic.<\/p>\n<p>However, he highlighted that the current economic status surpasses that of the Mahama administration, which did not contend with a pandemic during its tenure.<\/p>\n<p>\u201cWhat is remarkable is that notwithstanding the domestic and\u00a0global crisis that we have experienced between 2020 and 2022, the economic performance as measured by the key economic\u00a0indicators (such as GDP growth, Agricultural growth, industry growth, Trade Balance, Exchange rate depreciation, lending rates, Gross international reserves and jobs) is better than that of the 2013-2016 period when there no global crisis.\u201d<\/p>\n<p>He highlighted several instances including Ghana\u2019s GDP growth and agricultural and industrial growth, He said the GDP has reduced tremendously despite the economic crisis.<\/p>\n<p>\u201cOn GDP growth, it is worth noting that between 2013- 2016, Ghana\u2019s GDP growth averaged 3.9%. During our first term (2017-2020) GDP growth increased to an average of 5.3%. Following COVID-19 and the global slowdown, Ghana\u2019s GDP growth declined to an average of 4.9% between 2017 and 2022.<\/p>\n<p>\u201cWhat is remarkable about this performance is that notwithstanding the global economic crisis from COVID-19 and the Russia-Ukraine war, economic growth under our 8 government is still stronger on average than under the 2013- 2016 era preceding our coming into office.\u201d<\/p>\n<p><strong>\u2014\u2014\u2014\u2014\u2014\u2013<\/strong><\/p>\n<p><em><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/em><\/p>\n<p><em><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU:\u00a0https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/em><\/p>\n<div class=\"google-auto-placed ap_container\">\n<p><em><strong>No spams, just the stories that truly matter! #StayInformed #CitiNewsroom #CNRDigital\u00a0<\/strong><\/em><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dr. Mahamudu Bawumia, the flagbearer of the governing New Patriotic Party, claims the country is recovering from the economic crisis it faced. He acknowledged the challenging state of affairs when the NPP assumed leadership but emphasised their success in revitalizing the nation. In his address to the nation on February 7, 2024, outlining his vision [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":148902,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-148954","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>We&#039;ve revived Ghana&#039;s economy - Bawumia - 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\/2024\/02\/08\/weve-revived-ghanas-economy-bawumia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We&#039;ve revived Ghana&#039;s economy - Bawumia - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Dr. Mahamudu Bawumia, the flagbearer of the governing New Patriotic Party, claims the country is recovering from the economic crisis it faced. 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