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Wednesday, May 27, 2009

If the economy is broke, fix it

Posted: The Chronicle Wednesday, May 27, 2009

By Charles Takyi-Boadu & Bismark Bebli
NANA ADDO Danquah Akufo-Addo, the 2008 Presidential candidate of the New Patriotic Party (NPP), has prevailed upon President John Evans Atta Mills to fix the economy and stop complaining that the National Democratic Congress (NDC) government has inherited only liabilities from the NPP.
“The NDC claims almost on daily basis that this or that problem was left by the NPP administration. I say to President Mills today, if you say that the system is broke, fix it.”
According to him, every government inherits both assets and liabilities, and expressed grave concern that the NDC continues to create the impression that everything went wrong under the NPP.
Nana Addo Dankwah, who was making his first public statement after the crucial 2008 elections, where he lost narrowly to President Mills, said “In 2001, the departing NDC administration left a few assets and lots of liabilities. Amongst the liabilities were high inflation and interest rates, historic levels of debts and very low external reserves. Instead of complaining, our government went to work to build our country, with its bold decision to join the HIPC initiative, for which our nation has reaped much benefit.”
The 2008 presidential candidate, who received a rousing welcome when he arrived at the premises of Osu Ebenezer Presby Church, yesterday, to deliver his first speech, said it was true that every government leaves some unfinished business, saying “And our government too, did leave some unfinished business, just as the current NDC government will leave some unfinished business when it leaves office in 2012.”
Nana Akufo-Addo, who indicated that the NPP left economic growth as well as social intervention policies such as National Health Insurance Scheme, (NHIS), the National Youth Employment Program, the Capitation grant, the School Feeding program and a host of others, recounted how the NPP managed to break the culture of silence, which he observed every Ghanaians can today attest to.
According to him, it was unfortunate that the NDC government is misusing energies in seizing caes instead of focusing on relevant matters. “Our energies should be focused on harnessing our talents, so that we can improve the lives and liberties of Ghanaians and move our nation forward. The real challenges of our people are poverty, unemployment, crime and the burden of ignorance, squalor and disease.”
On the free-fall of the cedi, Akufo-Addo urged the government to act with dispatch to address the free-fall of the cedi by working with private businesses here, and with Ghanaians in the Diaspora, the Central bank and private banks, while making responsible utterances on the economy at home and abroad. According to him, the relative stability of the cedi has been very crucial in the creation of jobs, stimulation of commerce and the strong performance of the economy. “The restoration of a stable cedi will go a long way to restoring the confidence of the business community which is absolutely essential for getting the investment that will bring systematic growth and the rapid expansion of our economy. This is the surest way to prosperity for the broad masses of our people.”
On the drug menace, the NPP firebrand, who received intermittent applause from teeming supporters who gathered at the auditorium, noted that even though Ghanaians welcome the commitment of the NDC government for combating it, there was the need to walk the talk and urged that distinction should be made between the talk and the action.

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