Gov’t has ended era of reckless borrowing – Bawumiati

The Vice President, Dr. Mahamudu Bawumia has stated that the governing New Patriotic Party government led by President Nana Akufo-Addo has moved the economy beyond the era of ‘reckless borrowing’.

He said the country’s economy was positively responding to the New Patriotic Party (NPP)’s policies.

Addressing members of the New Patriotic Party at its National Delegates Conference at Cape Coast in the Central Region, on Saturday, Dr. Bawumia said the NPP has already begun implementing most of its promised economic program.

“In the 8 years of the NDC economic management, how many taxes did they reduce? We promised to restore macroeconomic stability and we have done that in just 7 months….The era of reckless borrowing which increased our debt to GDP ratio from 32% at the end of 2008 to 73% at the end of 2016 and placed a huge burden on this country, thankfully is over,” he said.

Dr. Bawumia added that, “we promised to reduce taxes and move economic management from a focus on taxation to a focus on production and we have delivered on this promise.”

The Vice President, who was a great critic of the previous government’s economic undertakings, gave the assurance that the NPP will ensure that the economic prosperity is enjoyed by all Ghanaians in the country.

He said the government is keen on introducing a number of social intervention programs to improve the welfare of Ghanaians.

He said the government is looking to create avenues that will ensure the creation of job opportunities for the country’s youth.

Story By: Michael Creg Afful

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