Osei-Asare Critiques Mahama’s Economic Narratives and Emphasizes Recovery

Abena Osei-Asare, a former Minister of State, refuted President Mahama’s claims during the State of the Nation Address regarding economic decline. She emphasized the recovery achieved under the NPP administration, highlighting improvements in the financial sector and GDP growth. Osei-Asare criticized Mahama’s ambitious programs lacking clear funding while warning against excessive public spending. Ultimately, she called for focused leadership that emphasizes economic stability and progression instead of political blame.

Former Minister of State at the Finance Ministry, Abena Osei-Asare, responded robustly to President John Mahama’s State of the Nation Address, criticizing his portrayal of economic conditions in Ghana. She argued that Mahama overlooked the notable economic recovery the nation experienced under the previous NPP administration, suggesting he painted a distorted view of economic collapse. Osei-Asare emphasized that the NPP took definitive actions to stabilize the economy prior to Mahama’s tenure.

Ms. Osei-Asare highlighted that the financial sector was significantly stronger when the NPP exited power, as evidenced by the substantial growth in total banking assets and private sector credit. She disputed Mahama’s assertions regarding insufficient reserves for debt servicing, demonstrating that gross international reserves improved notably despite international economic challenges. Additionally, her data showed the cedi’s stability amidst external pressures, refuting claims of mismanagement.

Refuting President Mahama’s accusations that the NPP mismanaged the economy, Osei-Asare presented evidence of economic growth and stability prior to the government transition. She pointed out that real GDP growth averaged 6.3%, reflecting an uptick in industry. Her remarks contended that the preceding administration left sufficient resources to meet debt obligations despite Mahama’s narrative.

The former minister expressed concern regarding Mahama’s introduction of ambitious social programs without a viable funding strategy and cautioned against rash fiscal policies. She recalled the economic turmoil that followed excessive spending under the NDC, emphasizing the importance of sustainable economic practices and responsible governance moving forward. Ms. Osei-Asare advocated for growth and confidence to be prioritized before new programs are launched.

Additionally, she voiced skepticism towards Mahama’s proposed National Economic Dialogue, interpreting it as a political maneuver rather than a genuine approach to engage stakeholders. She urged the President to focus on actionable policies instead of relying on committeeminded discussions. Conclusively, she called for a clearer vision for Ghana’s future and criticized Mahama’s focus on historical grievances, urging a commitment to forward-thinking leadership.

Abena Osei-Asare firmly defended the economic narrative of the NPP, rejecting President Mahama’s claims of economic mismanagement and negative projections. She presented statistics highlighting economic recovery, financial stability, and the fallacies in Mahama’s statements. Osei-Asare urged governance that encourages growth and responsibility, while expressing skepticism about Mahama’s proposed initiatives. Her critique underscored a call for visionary leadership that focuses on Ghana’s future rather than a retelling of the past.

Original Source: www.myjoyonline.com