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Mahama is Giving Oversimplified View of Ghana’s Financial Health

Mahama is Giving Oversimplified View of Ghana’s Financial Health

Mahama is Giving Oversimplified View of Ghana’s Financial Health

MP for Nhyiaeso, Hon. Stephen Amoah, has expressed concern over former President John Dramani Mahama’s recent economic assessment, specifically his use of a single microeconomic indicator to portray the state of Ghana’s economy.

Amoah has called for a more nuanced approach to economic reporting, arguing that relying on just one indicator can lead to a misleading and oversimplified view of the nation’s financial health.

Amoah questioned the approach taken by President Mahama, suggesting that it is misleading to use only one economic factor to depict the entire economic situation.

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According to the MP, this could create unnecessary panic among the public and worsen economic challenges. He emphasized that the economy is multifaceted and needs a more detailed and balanced representation to help Ghanaians make informed decisions.

Amoah’s concerns come amid a broader debate about Ghana’s economic performance, especially following reports that the Mahama government borrowed over GHS 50 billion in just 50 days. This underscores the need for accurate, transparent economic reporting that reflects the full complexity of the country’s financial situation.

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In his statement, Amoah called for greater transparency and the provision of accurate records, data, and explanations in governance to help the public make informed choices.

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Source: NewsandVibes.com

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