Business News of Saturday, 10 September 2016Source: primenewsghana.comEconomy is in distress - UG Lecturer agrees with BawumiaDr Eric Osei-Assibey, Senior Lecturer at Economics Department, UGA senior lecturer at Economics Department of the University of Ghana, Dr Eric Osei-Assibey, has supported claims by Vice Presidential Candidate of the New Patriotic Party (NPP), Dr Mahamudu Bawumia that Ghana's economy is in distress. Ghana needs a new credible, incorruptible and competent team" to redeem the distressed economy", Dr Bawumia further stated. Dr Bawumia's claims have been strongly refuted by government that Dr Bawumia used selective data in arriving at his conclusion. But speaking on Joy FM's Newsfile on Saturday Dr Osei-Assibey agreed with Dr Bawumia's statements saying that, "I concede that the Macro-economic landscape is unstable [and] almost in crisis, even". "The issue about the Debt to GDP depends on the way it was calculated; whether it is at 63% or 71%", he noted.

Source: GhanaWeb September 10, 2016 11:48 UTC