The outgoing Akufo-Addo/Bawumia administration has reiterated its claim of performing better relative to the administration it inherited when it comes to the economy as borne out by data from the Bank of Ghana and the Ministry of Finance on several key indicators.
Government sources argue that despite the severe economic disruptions caused by the COVID-19 pandemic, which posed challenges for economies worldwide, Ghana's macroeconomic performance under President Akufo-Addo has shown marked improvement compared to the previous administration led by John Mahama.
They point to data suggesting the outgoing administration has outperformed its predecessor in 10 out of 13 key macroeconomic indicators, with GDP growth being the most notable achievement.
In 2016, as John Mahama exited office following his electoral defeat, Ghana's economy recorded a GDP growth rate of 3.9%.
