Ofori-Atta recorded 6.3% growth in first two years, higher than Ato Forson’s – Kofi Bentil

Kofi Bentil, Senior Vice President of IMANI Africa, has cautioned Ghanaians against rushing to give Finance Minister Dr Cassiel Ato Forson a final verdict based on the government’s first two years in office.

He argued that Ghana’s political and economic history shows that an administration can record impressive economic gains in its early years but struggle to sustain them over time.

Bentil made the observation while comparing the economic performance of the current administration with that of the former New Patriotic Party (NPP) government under President Nana Addo Dankwa Akufo-Addo.

He pointed to the growth figures recorded during the first two years of the Akufo-Addo administration, saying the economy achieved 6.3 per cent growth between 2017 and 2019.

According to him, that figure was higher than the current growth projection of 5.9 per cent, although he acknowledged that the latest figures could reach six per cent.

Bentil said the earlier administration also enjoyed considerable public support during its first years after taking over from the previous government.

He recalled that the Finance Minister and President were widely praised at the time because the economy appeared to be recovering and performing well.

However, he noted that the same administration eventually presided over economic difficulties, despite the positive start.

“At that time, the Finance Minister was a hero. The President was a hero. Everything was going wonderfully and all that. At the end of eight years, we had ended up in DDEP,” he said on TV3.

He argued that the experience should serve as a lesson to the current government and those already celebrating its economic performance.

Bentil described Ato Forson as a fantastic Finance Minister but insisted that two years of positive results should not be treated as a final assessment of his record.

“Ato is a fantastic Minister of Finance. Two years is not enough to call finality to anybody’s record because we’ve seen it before,” he stated.

He further argued that the current administration must remain focused on sustaining its economic gains rather than becoming distracted by political praise and expectations.

According to him, Ghana has previously experienced periods of economic recovery and improved international credibility, only for those gains to be undermined by excessive borrowing.

He recalled how the country once enjoyed enough international confidence to borrow about $30 billion from international markets but eventually defaulted on its debt obligations.

Bentil therefore urged the Finance Minister to learn from previous administrations and avoid repeating the mistakes that turned an initially promising economic performance into a crisis.

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