A former Deputy Minister for Finance during the late Prof. Atta Mills administration, Fiifi Kwetey, has ridiculed the ruling New Patriotic Party led by President Nana Addo of whining over every little frustration they inherited from their predecessor.
Mr. Fiifi Kwetey says the President and his government have consistently without resolve, nagged about the state of the economy, despite it being better off, as compared to what the late Prof. Mills inherited in 2009, from the John Agyekum Kuffour’s government.
He made these remarks at the 8th weekly press briefing by the National Democratic Congress (NDC) this morning.
Mr. Kwetey said; “Prof. Mills was a doer and not a talker. He was one individual who actually spoke little but achieved so much, and ironically whoever called him ‘Prof. Do-Little’, events today will show…that individual has become an icon of talking plenty and doing little. He will be his age-mate of who happened to be the leader today”
“If there was one leader in the history of our country who had good reason to mourn about inheriting an economic mess and meeting an economic crisis, that was Prof. John Evans Atta Mills” he added.
Mr. Fiifi Kwetey made reference to the following to buttress his point;
1. Inflation Rate
Prof. Mills inherited an inflation rate of 18 percent, which due to the unfavourable economic conditions, galloped to 21 percent. President Nana Addo on the other hand, inherited an inflation rate which had been beaten down to 15 percent.
2. Cedi depreciation
Prof. Mills inherited a depreciation rate of 20 percent, which rose to an accumulated 38 percent. However the NDC through the Mills and John Mahama administration managed to get the cedi appreciate, thereby beating the depreciating rate to 9.7% when they left office in 2017.
3. Fiscal Slippage
That, Prof. Mills’ government inherited the highest fiscal slippage in the history of the country. A budget deficit of 4 percent had been exceeded to 11 percent when they took office in 2009, yet the late President never complained.