NDC General Secretary, Fifi Fiavi Kwetey

The General Secretary of the National Democratic Congress (NDC), Fifi Fiavi Kwetey, has stated that the NDC left a much better economy of 3.7 percent in 2016 than the 5.7 percent recorded in 2024.

His comment follows an announcement by the Ghana Statistical Service (GSS) on Monday, March 10, 2025, detailing Ghana’s growth rate for 2024.

Speaking to GhanaWeb Business ahead of the 2025 Budget reading by the Minister of Finance, Dr. Cassiel Ato Forson, the NDC executive said his party left a bigger foundation to transform the economy.

“NDC left an economy of 3.7% in 2016 when we were leaving. But that economy was a much bigger foundation for the transformation than 5.7% because that same economy had a phenomenal oil recovery that was absolutely better. So, the foundation was solid. It was not an economy that, for example, was so debt-ridden that we literally do not have money to be able to do well within our energy sector,” he said.

He added “Our banking sector is in trouble. So, simply talking about nominal growth in GDP, that's not indicating that the economy has improved. So, your 3.7% is better than the 5.7%? No, it's not just as simple as that. I can tell you, in 2009, when we took over the economy, before I left, the growth was about 9%. That same 9% was actually so steady that it was depreciating. So, inflation was at a high level.”

SP/AE

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