NDC’s Member of Parliament for Bolgatanga Central has put out some comparative figures, indicating that the manufacturing sector of the economy did way better under Mahama than Akufo Addo.
According to Isaac Adongo, even though the NDC’s reign under Mahama was characterized with ‘dumsor’, it was still able to do about 7.1 percent compared to Akufo Addo’s 4.1 percent with no ‘dumsor’ in the manufacturing sector.
Reacting to ISSER’s report, the legislator described the report as very disturbing.
“ISSER’s review of the state of the economy reveal very disturbing headwinds with several critical sectors of the economy posting declining growth. Manufacturing is doing 4.1% two years after dumsor compared with 7.5% in the dumsor period. Youth Unemployment is escalating” he tweeted.
ISSER’s 2019 ECONOMIC REVIEW
The Institute of Statistical, Social and Economic Research (ISSER) has revealed that figures on Ghana’s economy for the first half of 2019 are not encouraging.
According to ISSER, economic growth predictions for the year which were initially placed at 7.6% will therefore not be met.
Dr Charles Ackah, Senior Research Fellow at ISSER presenting the 2019 mid-year review of the economy stated that it is likely the country may miss the projected growth for 2019.
“The provisional data that we have including oil shows that there is a decline from 6.7 percent to 5.7 percent between the first two quarters of 2019. So by the first quarter of 2019, the GDP growth was 6.7%. By the end of the second quarter, the economy is already decelerating at 5.7 percent so with the half-year going we expect that this trend should continue and probably end around 6.2 percent