Home   >   Politics   >   Politics   >   201701   >   Ato Forson Schools Osafo-Marfo On Economy
Ato Forson Schools Osafo-Marfo On Economy
 
<< Prev  |  Next >>
 
11-Jan-2017  
Comments ( )    Email    Print
     
 
 
 
Hon. Cassiel Ato Baah Forson
 
Related Stories
 
Former  Finance Minister and Member of Parliament for Ajumako Hon. Cassiel Ato Baah Forson, has vowed not to allow members of the New Patriotic Party administration to talk down a resilient economy they have inherited from the National Democratic Congress.  

Senior Minister Yaw Osafo-Marfo has said Ghana's economic figures the NPP inherited from the NDC are not encouraging; describing it as one that is "extremely, heavily indebted but not poor."

According to him, Ghana's budget deficit is hovering at a worrying rate of 8% higher than the 5% expected under the IMF agreement. Ghana is currently under a three year programme with the IMF as part of efforts to bring credibility and stability to Ghana's economy.

As part of the program the country was expected to maintain a budget deficit of 5%, something Osafo Maafo said the previous government could not do.

What is worse, the Senior Minister who was Finance Minister in the erstwhile Kufuor administration said the debt to GDP is 72% a figure which can only be suffocating.

He pointed out that though Ghana’s economy is very strong fundamentally, those who managed it under the NDC were the problem.

To him, "the economy is bleeding seriously".

But Hon. Ato Forson in an interview on Radio Gold which was monitored by Peacefmonline.com stated that the NPP has started painting a gloomy picture to create room for their probable excuses in the event that they are unable to fulfill the numerous promises they made to Ghanaians during the 2016 electioneering campaign.

He advised Mr. Osafo-Marfo and his fellow party mates not to downplay the role ex-President Mahama’s administration played to build the economy by rating it on nominal GDP.

The Member of Parliament for the Ajumako Enyan Essiam Consistency advised the Senior Minister to stay away from “speculations” and keep in mind that there is no need for him to comment like "he is still in opposition".

This is a political party that has been in opposition for 8 years. During their campaign, they talked down on the Ghana's economy.

They must leave the past behind them. They are no longer in opposition so they should check the numbers before they speculate. They should wait and not use one indices to judge the Ghanaian economy”, he advised.
 
President Mahama has left behind a strong economy for them to take over”, he added.

…it is early to know the nominal GDP- the Statistical Service is yet to come out with it... It is too early to put a figure on it”, he noted.

He continued that “the nominal GDP is yet to come out…the final numbers are not out, the ones we have now are provisional….to conclude that our economy isn’t strong is misleading”.
 
 
 
Source: Chris Joe Quaicoe/ email: [email protected]
 
 

Comments ( ): Post Your Comments >>

 
 
 
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
 
 
COMMENTS


« Prev 1 | 2 | 3 | 4 | 5 | 6 Next »


Name: James
This guy was in London running security company and ran away to Ghana without paying the staff.He was at South Bank university he couldn't even finished his Accounting course and he is made finance minister.No the wonder Ghana economy is what it is today.Just zip it masa!.What do you Know!.We know you here in Old Kent Road in London here.
 
Name: Joe Crazy
The fact that you are in opposition should be clear enough for you to know that the Economy was not managed well under your watch so please leave your long talk and propaganda somewhere.
 
Name: Kofikoi
Well, Ato Forson had his chance to build a strong economy for Ghana and he and his colleagues chose to borrow indiscriminately to engage in projects that have no long term benefits to the economy. How did he "school" Osafo Marfo when he couldn't deny the fact that the nation, through their reckless borrowing, is heavily indebted. The questiion is did they borrow to invest or did they borrow to create projects that will enable them to award dubious contracts and thereby loot money in a manner similar to money laundering?
 
Name: EYE RED
hahahhahahhahahahahahhahahahah this NDC people, they like playing o! hhahahahahhahahahhahha
 
Name: Susan
Peacefmonline, please find an appropriate headline for the report, please
 
Name: Masa
in what way has he 'schooled' osafo-marfo? Boss Come again
 
Name: TONY THE BULL
OMG !!!!!!!; Look at Ato Forson a student made a minister and a thiff ; where did you get the cash to build yourself the hotel !!!!!!! and look at the full telling Osafo-Marfo about the economy ;does this full think Ghanaians are stilling sleeping because Ghanauians kept quiet until Dec 7 when you were shown the door ; today most people know about the macro-economic elements in the economy and knows lies and propagada when they see one ;WE DO NOT NEED THE NDC AGAIN -GOODBYE !!!!!
 
Name: @ ato forson
WHY IMF THEN ? YOU SEE YOUR LIES AND TIMIDITY ?
 
Name: kaku
Ato Forson, don't you realise that the NDC total humiliation at the polls has to do with the inept and poor way you people handled and manipulated economic figures instead of working hard to improve it? If the NDC continue to churn out propaganda even in opposition, I bet you that you will remain there for a very long time. Change your attitude, read more to educate yourselves in order to bring out credible information.
 
Name: Good citizen
These NDC guys are jokers. Tekpe spoke no figures Ato Forson still no figures and they wan as to believe them. In any case Npp will not talk down the economy but rather lift it high. Who is Ato Forson to school Marfo Safo on economy. Tweaa
 

« Prev 1 | 2 | 3 | 4 | 5 | 6 Next »


Post A Comment

Name:
   
Comment: