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NPP government is the only government to reduce electricity price in the history of fourth republic – Dr. Bawumia

Vice president of the Republic of Ghana, Dr Mahamadu Bawumia has stated that, NPP government under Nana Addo Dankwa Akofo Addo, is the first government under the fourth republic to reduce electricity tariff in the country.

According to him, this has never happened in any government in the history of the fourth republic of Ghana. He mentioned that, between 2010 and 2015, electricity tariff in the country went up to a high level.

“This is the electricity price increase between these years. We promise we will do a decrease in the electricity price for consumers. In our first term in office in 2017, we couldn’t reduce the price. But in 2018 we reduced electricity tariffs by 22%. By the way, this is the first government to reduce electricity price in the fourth republic in the history of this country; it has never happen in any government in this fourth republic”, he stated.

 Dr Mahamadu Bawumia made this known at the town hall meeting on government performance which is on the theme “Demonstrating fulfillment of our promises”. The purposed of this meeting is to highlight government achievement so far in the country,

Vice president in his presentation also stated that, the management of the exchange rate by the government of Nana Akuffo-Addo is the best by any government in its first term in office since 1992.

“In fact, in the history of the Fourth Republic, President Akufo-Addo has the best performance for any first term government since 1992. Period. All the worst performances happened under the NDC which holds the record for first, second and third worst performances in the fourth republic but they still want to challenge the best performer,” Dr. Bawumia stated, referencing the Bank of Ghana’s annual rate of depreciation of the Cedi to the dollar by all governments of the 4th Republic since 1992.

Per the record presented, Dr. Bawumia mocked the NDC’s exchange rate management record, and wondered how they have the temerity to say they can manage better.

“The cedi exchange rate under the NPP (2017-2019) is twice as stable as it was under NDC (2013-2016) – average depreciation of 18% compared to 8.7%),” said Dr. Bawumia.

“Under the NDC, our currency was depreciating at the speed of Usain Bolt! Under the NPP we have arrested the rapid depreciation of the cedi,” added the Vice President.

“But why does the NDC, in the face of such incontrovertible evidence, keep insisting they can do a better job of managing the cedi?”

Source:AlhassanYakubu || Ghana

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