SONA: Nana Addo painted a dishonest state of the economy - Adongo

Member of Parliament for Bolgatanga Central, Isaac Adongo is accusing President Nana Addo Dankwa Akufo-Addo of presenting a ‘dishonest’ state of the economy to the populace.

According to him, the President sought to address the economy without looking at the outlook of the economy.

“How can you talk about the economy without the economic outlook? You will have to discuss the outlook. Is the outlook bright? Is the outlook dark or is it an outlook that you can look to and be confident that Ghana is heading the right direction? When you look at the outlook of the economy you will now be telling Ghanaians what to expect,” he observed.

President Akufo-Addo, delivering his maiden State of the Nations Address referred to the previous National Democratic Congress (NDC) government as the most fortunate government in Ghana’s history to have had enough resources to run the country but left behind an ailing economy.

The State of the Nation Address, which focused on the economy, governance, corruption, security, education, and several other sectors, was greeted with varying opinions, with the Minority saying the President was selective in his address.

The Minority argued that the President consciously focused on the negatives of the past government to satisfy his purpose failing to recognise the positives in order to “deceive Ghanaians that he had inherited a mess.

Speaking in an interview with Samuel Eshun on the Gold Power Drive Wednesday, Isaac Adongo who is also a Financial Analyst said: “we are talking about the economy and inflation does not feature. In their manifesto sometime ago, achieving single digit inflation was the reason they wanted to be voted to power and today inflation doesn’t matter because he will see that inflation is nose diving.”

“The year ended with 15 percent and now it’s 13.3 percent and it is continuing towards the medium-term objective of 8 percent plus or minus 2. Suddenly it is not an important economic indicator to President Akufo-Addo,” he condemned.

He added: “one of the biggest challenges of this country has been how to deal with the menace of the depreciation of the cedi. Suddenly the cedi depreciation doesn’t feature in the discussion of the economy.”

“The discussion of Ghana’s economy has now been reduced to how much debt Ghana owes without the underlining asset,” he said