Gov’t has enhanced economic indicators despite crisis; GDP is improving – UPSA Prof

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There is no doubt that some of the economic indicators are picking up gradually even in the midst of a crisis, the Dean, Graduate Studies at the University of Professional Studies, Accra (UPSA), Professor Kwaku Mensah Mawutor, has said.

He said this while contributing to a discussion on the public address on the economy delivered by Vice President Dr Mahamudu Bawumia, on TV3’s Key Points, Saturday April 9, with host Dzifa Bampoh.

Prof Mawutor endorsed the data put out by the Vice President, saying the figures were verifiable.

“The figures were there, they were verifiable Undoubtedly, some of the figures that were churned out, I verified some of them from the various platforms.

“It tells you that indeed, if we are looking at the descriptive analysis, he did a very good work by describing the performance of the NPP, juxtaposing it with the NDC’s.

“It is also evident that undoubtedly, the current government has enhanced some of the economic performance indicators. To be frank with you, GDP even though in the midst of crisis, is improving. The first few years we all saw that improvement from 3.6 to almost more than 6 per cent GDP.”

Dr Bawumia during the address on Thursday April 7 said among other things that “To put the expenditure on these three items in perspective, it is important to juxtapose it against the total expenditure (releases) on some of the governments key flagship projects, including Free SHS, One District One Factory, Planting For Food and Jobs, Development Authorities, Ghanacard, Zongo Development Fund, NABCO, and teacher and nursing trainee allowances.

The data shows that the expenditure on these flagship programs over the five year period between 2017 and 2021 amounted to GHC15.62 billion compared to the GHC 50.1 billion expenditure on the three exceptional items.

“The expenditure on the three exceptional items amounted to more than three times the expenditure on the flagship programmes.”

By Laud Nartey|3news.com|Ghana

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