General News of Friday, 17 September 2021Source: www.ghanaweb.com• Sammy Gyamfi has accused President Akufo-Addo and Bawumia of engaging in 'malata' economic analysis• He said most of the things they talk about are now worse off under their tenure• He noted, the fundamentals of the economy are weakerSammy Gyamfi, the national communications officer of the National Democratic Congress (NDC), has said, prior to the 2016 general elections, President Nana Addo Dankwa Akufo-Addo and Vice President Dr Mahamudu Bawumia were always engaging in ‘malata’ economic analysis which made Ghanaians voted for them. He said, there is no ambiguity in former President, John Dramani Mahama’s description of the Ghanaian economy under President Nana Addo Dankwa Akufo-Addo and Dr Mahamudu Bawumia as being in shambles. Sammy Gyamfi reechoed Dr Bawumia’s famous statement ‘when the fundamentals are weak, the interest rate will expose you’ indicating that, the handlers of the economy have lost control that is why the cedi is in ‘free-fall’. “Today by [Dr Bawumia’s] standard, the fundamentals are weaker than they were in 2016 because if you look at the rate of depreciation today, it is unprecedented. “Apart from that, when you go to the market and you engage in the malata economic analysis Dr Bawumia and President Akufo-Addo used to engage in 2016 when they were in opposition, you would realize that we are worse off…,” Sammy Gyamfi argued.

Source: GhanaWeb September 17, 2021 06:22 UTC