Broken Promises? How the NDC

Mon, 18 Oct 2004 Source: Accra Daily Mail

The Facts
General Economic Growth

	NDC'S PROMISE*	NDC'S RECORD (when leaving office)	NPP'S RECORD 2003/2004
1. INFLATION RATE	8% by year 2000	40.5%	12.9%*
2. GDP	7% by year 2000	3.7%	5.2%
3. PER CAPITA INCOME	420 by year 2000	263	350
4. AGRICULTURE GROWTH	4.5% by year 2000	2.1%	6.0%
5. SERVICES GROWTH	7.9% by year 2000	5.4%	4.7%
6. INDUSTRY GROWTH	8.4 by year 2000	3.8%	5.2%
7. LENDING RATE		47.5%	27%**
8. GROSS EXTERNAL RESERVES		0.8%	4 months
9. CEDI DEPRECIATION		49%	7% (Against dollar)
10. TOTAL GOVERNMENT REVENUE		?5,385billion	?21,997.6billion (2003)

*June 2004
* * July 2004
*Source : Programme of Action for First Medium -Term
Development Plan.1997-2000 (Ghana Vision 2020)

The Facts
General Economic Growth

	NDC'S PROMISE*	NDC'S RECORD (when leaving office)	NPP'S RECORD 2003/2004
1. INFLATION RATE	8% by year 2000	40.5%	12.9%*
2. GDP	7% by year 2000	3.7%	5.2%
3. PER CAPITA INCOME	420 by year 2000	263	350
4. AGRICULTURE GROWTH	4.5% by year 2000	2.1%	6.0%
5. SERVICES GROWTH	7.9% by year 2000	5.4%	4.7%
6. INDUSTRY GROWTH	8.4 by year 2000	3.8%	5.2%
7. LENDING RATE		47.5%	27%**
8. GROSS EXTERNAL RESERVES		0.8%	4 months
9. CEDI DEPRECIATION		49%	7% (Against dollar)
10. TOTAL GOVERNMENT REVENUE		?5,385billion	?21,997.6billion (2003)

*June 2004
* * July 2004
*Source : Programme of Action for First Medium -Term
Development Plan.1997-2000 (Ghana Vision 2020)

Source: Accra Daily Mail

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