NPP performance with credit rating and Economic management better than NDC

Policy think tank Danquah Institute (DI) has emphasised that the governing New Patriotic Party’s (NPP’s) performance in governance has always resulted in a better credit rating and economic management compared to the opposition National Democratic Congress (NDC).

Speaking at the maiden edition of the Institute’s planned monthly media encounter held yesterday dubbed: “Analysis of the Ghanaian economy”, DI Head of Research, Dr. Frank Bannor, pointed out that by the end of 2008, when NPP was exiting from government, Standard & Poor had rated the Ghanaian economy B+ with a Stable Outlook.

However, he said under the NDC’s oversight, the country’s credit rating deteriorated to B- with a Negative Outlook by April 2015.

Dr Bannor also supported Vice President and NPP flagbearer Dr. Mahamudu Bawumia’s acknowledgment of the Bank of Ghana (BoG) for its role in steering the economy through challenging times and decision to provide essential financing to the Government during that pivotal juncture.

Vice-President in his recent address to the nation urged Ghanaians to salute and give particular recognition to the Bank of Ghana, which has come under unfair criticism for taking the necessary measures to help pull the economy back from the brink of collapse.

Dr Bannor also added that, Ghanaians have seen the work of both parties in government and the NPP has shown that, they are better manager of the country so they should choose them on any day and give them the mandate to govern again.