The former President of the Republic of Ghana, who served the nation as a president from 2012 – 2016 on the ticket of the National Democratic Congress has confirmed that Ghana recorded its most prosperous economic days Prez. John Atta Mills and himself.
He stated that since the leadership of Prez. Jerry John Rawlings and even before then, economic shocks have derailed incremental progress over the years.
He said he could remember how bush fires and other severe crises lead the economy of Ghana into a very bad one causing very high inflation and many more.
Through hard work and tactical management, the Provinational National Defense Council (PNDC) government brought the economy to a better one until falling of commodity prices which led to dwindling export revenues in the late 90s.
When the Kuffour was voted to power in the year 2000 – 2008 he took the country to Heavily Indepted Poor Countries ( HIPC) in order to secure dept relief.
Due to this initiative, over $3.8 billion of Ghana’s dept was written off and this gave room to important fiscal space.
President John Mahama made it clear that, in the latter days of President Kuffour’s administration, oil was discovered in commercialal quantities, Ghana therefore joined the league of oil producing countries.
A global financial crises reared its head around this time and also impacted our economy negatively.
“When the National Democratic Congress was voted into power in the year 2008 and in 2012 under the leadership of Prez. John Evans Fiifi Attah Mills which I had the privilege to serve as Vice President and Head of Economic Management Team, we brought the dead economy to live” – John Mahama concluded.