Business News of Friday, 28 December 2018
A lecturer at the University of West London has praised the Vice President of the Republic of Ghana, Dr Mahamudu Bawumia for his far-sighted economic administrative skills.
Dr. Dacosta Aboagye said Bawumia made Ghana one of the fastest growing economies in the world in 2018 stating that it was an indication of a prosperous 2019, according to MyNewsGh.com reports.
According to him, 2019 would be prosperous because the government has performed and managed key macroeconomic indicators needed for development.
He observed that Ghana was seeing a repeat of huge GDP growths under the NPP non-oil economy from 2001 to 2008 under the economic management team of former President Kufuor.
Statistics from the Ghana Statistical Services revealed that the trend of GDP growths at the time increased from 4.0% in 2001 to 8.4% in 2008.
He opined that since Bawumia assumed the responsibility of the head of the economic management team in 2017, his performance has put Ghana’s economy on a strong and concrete progression.
“Bawumia as head of the economic management team and vice president of the republic has put Ghana’s economy on concrete for a prosperous 2019 and beyond”.
Dr Aboagye indicated. He further noted that annual inflation rate in Ghana was down to 9.3% in November 2018 from 9.5% in the previous month.
Therefore, considering that annual inflation is at lowest since December 2012, with cost of food and non-food being slowed and the two huge GDP growths in 2017 and 2018, Ghana is set enjoy its economic prosperous in 2019.