It has emerged that President John Dramani Mahama exposed Ghana to international ridicule recently after he blatantly told lies about the true state of the country's economy during the 2nd US-Africa Business forum in New York, which brought together business leaders to discuss the opportunity to grow the commercial ties between Africa and the United States.
He told the whole world that the growth of Ghana's economy currently stands at 4.9%, a figure which has been disapproved by the International Monetary Fund.
Even when he was corrected by the Moderator on the real figures for 2016, the president still wanted the world to believe the lies, insisting that the 3.2% figure quoted by Moderator was that of 2015.
Meanwhile, at constant price, the available data from the IMF show that the economy grew by 3.9% in 2015.
After claiming to be on top of current economic figures of Ghana, President Mahama embarrassed himself again to his colleague Presidents when he again lied about the country's projected GDP growth for 2017, saying the country was going to grow at 8%.
President Mahama's answer which seemed not convincing to the Moderator pushed her to demand from him if anyone could verify what the president had said.
However, IMF Country Report No. 16/321 of October 2016 gives contradicting figures to what Ghana's President told the world.
For instance, the latest figures which can be found in Table 1, Page 25 of the IMF Country Report shows that GDP at constant prices in 2014 was 4.0%, whilst 2015 slightly reduced by 0.1 percent to 3.9%.
And with two months to end 2016, the IMF recorded 3.3% GDP growth for 2016, and not the 4.9% lies spewed by the President.
Furthermore, the country's economy is not going to grow by 8% as told by President Mahama. It is expected to grow by 7.4% in 2017; that is even with oil. Per the IMF report, real GDP growth is projected at 4.5% for 2017, without oil.
Significantly, what has accounted for the huge jump from 3.3% to 7.4%, for 2017 is as a result of the coming on stream of the Sankofa oil fields.
The IMF report also discloses that Real GDP per Capita stood at 1.4%, in 2014, reduced to 1.3% for 2015, another high decline in 2016. However, it is projected to rise to 4.7%, in 2017; and this is hugely dependent on economic and political activities of the country.
Source: The New Statesman
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wait a minute ! the president said allllll dat ? how culd he mess up figures so? tiwui anaaa abro ne beyie? Why cant he just say one thing truthfully
Mr Jon Mahama always assumes that the international community respects him and thinks Ghana is doing well according to Mr Mahama version; this LIAR AND A THIFF believes that being a LIAR is not noticed by the international community ; what he forgets is that most of the international community out of diplomacy will not tell you in your face that you Mr Jon Mahama are a LIAR and THIFF !!!!!!!; he should take a cue from Goodluck Jonathan the former Nigerian President when he was in power ;was given all the accolades by the international community but when he was booted out has been ignored by the international community who will always show civility to any head of state ; the fact is that these counteries are always briefed on any country status ; they know details of all the economic data of every country ; they know that about the enormous debt accumulation of by Mr Mahama and the dissipation of funds by this Mr Mahama ; they know about the the huge international debt accumulation ; they are aware of our disaterous balance of trade deficit and the poor performance of the cedi ;.
ATOPAHENE JOHN FORD MAHAMA IS THE GREATEST JULOR AND ASHAWOBANZA GHANA EVER HAD AS A PRESIDENT. AS FOR THAT ONE HE IS THE WINNER. WITH HIS AND HIS BROTHER IBRAHIM'S BILLIONS OF DOLLARS OF INVESTMENTS IN DUBAI AND 23 CHILDREN AND COUNTING, NO ONE CAN CHALLENGE MAHAMA AND HIS GANG OF NDC JULOR. THAT IS WHY IT IS VERY IMPORTANT FOR GHANAIANS TO VOTE JULOR MAHAMA OUT IN DECEMBER 2016. INSHA ALLAHU!!!
Mahama is v1s1on11ess, corrupt, incompetent and a pathological liar.... period!
Who are the president's advisers/handlers? Is it the same babies with sharp teeth?
You dont read. You dont listen and you are full of lies.Mahama Twa so
No wonder,the lies will continue. Once a liar always a liar. The hall mark of NDC is lies, lies and always lies
you will wipe what you sow, propaganda paaaaaaaa nie........
Propaganda.... U see where it leads??? You think the international community is as dum.b as Ghanaians?????