MP backs gov’t to turn around economy

The Member of Parliament for Okaikwei Central, Patrick Yaw Boamah, has hailed government’s performance in managing the economy after only a year in office and reckons if they are given the needed push they will turn around the fortunes of the country.

“The President was honest to this house[Parliament] he mentioned what he came to meet, he told the country and the world what he is doing, serious players are coming into the country to invest and we must give the government the support and I believe he will do well”.

He made these pronouncements when he contributed towards the State of the Nation debate on the floor of Parliament on Wednesday, touting the achievements and policy direction of the incumbent government so far.

According to him, government’s management of the economy has whipped up interest in the country, given that foreign investors are now eager and willing to invest and set up offices in Ghana.

“On foreign policy, the President again stated that the star of Africa has begun to shine and rightly so, it is for no reason that we had such a number of foreign dignitaries visiting this country and showing the good policies and programmes that this country has.

What have we benefitted from this, – JP Morgan Chase, the biggest bank in America has decided to set up an office in Ghana and Kenya, this is due to the prudent economic measures and the confidence that this government has introduced into the country”

He also added that Exxon Mobil has also decided to invest in the upstream industry and intend to invest close to US$200m in their activities.

Hon. Boamah explained that it is going to create a lot of jobs and going to expand the country’s tax base and improve upon the revenue base as well.

Touching on job creation by the President, he said under the community protection module of the National Youth Authority, nine thousand people have been employed under that scheme.

Other jobs he said has been created by institutions such as Ghana Post, the Graduate Internship Programme, Agric Extension Programme.

These interventions will help reduce the employment rate caused by the NDC government, he stated.

President Akufo-Addo presented his second State of the Nation since assuming office over a year ago last Thursday[February 8,2018] assured the country of a rebound in the economy and disclosed that the US$918m extended credit facility support from the International Monetary Fund(IMF) will not be extended after it ends later this year.