The outgoing Akufo-Addo administration is all set to leave office next week with positive economic outlook in a number of indicators. <\/p>\n
Notwithstanding the devastating economic impact of the COVID-19 pandemic, which the administration has faced, the macro economy under President Akufo-Addo has, according official data, performed better than that under John Mahama’s erstwhile regime, which the Akufo-Addo government replaced. <\/p>\n
According to Ministry of Finance and Bank of Ghana data, the outgoing government has better record in 10 out of 13 key macroeconomic indicators, with the most significant being GDP growth. <\/p>\n
In 2016 when John Mahama was leaving office after he was voted out, the Ghanaian economy was growing at a GDP rate of 3.9%. <\/p>\n
However, despite being hit by the effects of covid-19, which has destablised economies globally, Ghana’s economy is presently on a 7.2% GDP growth rate. <\/p>\n
The outgoing Akufo-Addo government is also leaving behind better agriculture growth, industry growth, per capita income, budget deficit, primary balance, trade balance, current account\/GDP, gross international reserves and cumulative exchange rate depreciation. <\/p>\n
The erstwhile Mahama regime only posts better records in three of 13 key macroeconomic indicators; public debt, average inflation and average 91-day treasury bill rate. <\/p>\n
Below is the data on how the two governments compare in the 13 key macroeconomic indicators:<\/p>\n
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Watch some videos from the recent Parliamentary sittings below:<\/b><\/p>\n