Mahama inherited a booming economy with oil but collapsed it – Ntim

The National Chairman of the New Patriotic Party (NPP) Stephen Ayesu Ntim has said former President John Dramani Mahama and the National Democratic Congress (NDC) inherited a booming economy from the Kufuor administration in 2008.

However, when they were leaving office in 2016, the economy had collapsed, he said.

Addressing a press conference in Accra on Tuesday, April 4 to respond to an earlier address by the National Chair of the NDC Johnson Asiedu Nketia who accused the NPP government of economic failure, Mr Ntim indicated that the Akufo-Addo administration has managed the local currency, the Cedi, well.

He said “After inheriting a booming economy. Ex-President Mahama and NDC left their successor, President Akufo-Addo a collapsed economy in 2016.”

He added “We managed the Cedi better before the pandemic and the war. The NPP managed the Cedi with an average depreciation of 6.8 percent from 2017 to 2021 compared to the NDC’s record of 18 percent average depreciation from 2013 to 2016.

“We are not particularly happy about the level of inflation today, it has affected our economy badly but the truth is that it is a global problem.”