April 8, 2016

Member of Parliament (MP) for Obuasi West, Kwaku Kwarteng, says there is substantial evidence of Ghana’s economy crumbling as most companies seek market exit from the country.

President John Dramani Mahama has claimed the nation’s economy has become very resilient defending his government’s management of the Ghanaian economy, under his watch.

This follows criticisms that Mahama’s economic management record have major lapses and that the trend is forcing Ghanaian businesses to fold out, because the country has become an expensive business destination.

But, President Mahama has downplayed such criticism, insisting that such views are not borne out of the facts,  adding that Ghana’s economy is one of the two major buoyant economy in the sub-region, after Nigeria.

For him, he sees this as a good propaganda for his opponents painting a gloomy image of a robust economy under his Presidency.

Commenting on President Mahama’s take on the economy in an interview with Accra-based Citi FM, the Obuasi West lawmaker, said investors are finding it difficult thriving in Ghana.

“At a time when it is so clear that several aspect of national life have almost gone to collapse, we cannot find the humility to say that things are getting bad and that as a country let’s rally behind the leadership to fix the mess.

“If the President said he’s not been able to find a single company collapsing in Ghana, then I want to tell him in my own constituency, AngloGold Ashanti(AGA) has virtually collapsed. All their workers have been sent home and the company is struggling to survive. Elsewhere people are seeking bail out for companies, and we want to see what the government is doing”.