{"id":248278,"date":"2016-09-14T16:04:29","date_gmt":"2016-09-14T16:04:29","guid":{"rendered":"http:\/\/citifmonline.com\/?p=248278"},"modified":"2016-09-14T16:04:29","modified_gmt":"2016-09-14T16:04:29","slug":"bawumia-needs-commendation-not-insults-article","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=248278","title":{"rendered":"Bawumia deserves commendation not insults [Article]"},"content":{"rendered":"

Running mate of the New Patriotic Party, Dr Mahamudu Bawumia sought to do a comparative trend analysis when he analysed Ghana\u2019s economy under the National Democratic Congress (NDC).<\/p>\n

His aim was to find out whether the state of Ghana\u2019s economy is built on a foundation of concrete or straw.<\/p>\n

His did not seek to find average GDP growths as indicated by the Roads Ministry , Policy think- tank and some propagandists of the ruling NDC government but the trends from 2001 to 2008 and 2009 to 2016.<\/p>\n

The facts of \u00a0Ghana\u2019s GDP\u00a0 growth rate from 2001 to 2016 as presented by\u00a0 Ghana Statistical Service are,\u00a0 2001- 4.0% , 2002- 4.50% , 2003- 5.20% , 2004- 5.6% , 2005- 5.9% , 2006- 6.4% , 2007- 6.5% , 2008- 8.4% , \u00a02009- 4.0%,\u00a0 2010- 8.0%,\u00a0 2011- 15.0%,\u00a0 2012- 8.8%, 2013- 7.6%, 2014- 6.9%,\u00a0 2015- 3.9%.<\/p>\n

Based on the data, Dr Bawumia analysed the trend on GDP growths and found an increasing trend during 2001 to 2008, from 4.0% in 2001 to 8.4% in 2008 under the NPP non-oil economy, a big drop in 2009 to 4.0%, a rise between 8% and 15% under Prof E Mills and a big decrease from 8.8% to 3.9% in 2012 to 2015 respectively.<\/p>\n

\"The
The writer<\/figcaption><\/figure>\n

Understanding the decreasing trend from 2012 to 2016 under President John Mahama\u2019s oil economy from 8.8% in 2012, 7.6% in 2013, 6.9% in 2014 and 3.9% in 2015 proves Dr Bawumia right that the Mahama led government has managed the economy poorly in the light of massive resources and accumulated generational debts.<\/p>\n

Dr Bawumia was also right to point that the strong concrete of increasing economic growth under the NPP era aided Prof E.A Mills\u2019 economic performance of GDP growths.<\/p>\n

Ghanaians should therefore be extremely worried for the declining economic growths from 2012 till now in spite of the IMF rationalization programme.<\/p>\n

Dr Bawumia was right on showing that national income increased between 2001-2008 and people at the bottom of the income scale became better off and in the 2009-2016 period as income increased, people at the bottom of the income scale have become worse off.<\/p>\n

Providing evidence, Dr Bawumia\u2019s assessment on income inequality as measured by the change in minimum wage relative to the change in national income, increased to 1.8% during the 2001 to 2008 and has seen a major decrease since 2008, with the worst decline of negative 5% arising during President Mahama\u2019s term.<\/p>\n

I think that IMANI got it wrong because Dr. Bawumia did not forge the data but used it in the context of his analysis.<\/p>\n

Data can be evaluated in many contexts and as long as Bawumia did not forge the data proves IMANI\u2019s claim of \u201cunfair manipulation\u201d wrong.<\/p>\n

Dr Bawumia should be commended for adding a new paradigm of lectures in our Ghanaian election campaigns. This has the potential of changing the propaganda based election campaigns to issue based campaigns.<\/p>\n

–<\/p>\n

By: Dr Dacosta Aboagye<\/p>\n

The writer is the director of HIA and POLICY Consult \u2013United Kingdom<\/p>\n","protected":false},"excerpt":{"rendered":"

Running mate of the New Patriotic Party, Dr Mahamudu Bawumia sought to do a comparative trend analysis when he analysed Ghana\u2019s economy under the National Democratic Congress (NDC). His aim was to find out whether the state of Ghana\u2019s economy is built on a foundation of concrete or straw. His did not seek to find […]<\/p>\n","protected":false},"author":7,"featured_media":246876,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[374],"tags":[],"class_list":["post-248278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/248278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=248278"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/248278\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/246876"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=248278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=248278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=248278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}