26th September 2022 10:55:08 AM
2 mins readProfessor of Applied Economics at Johns Hopkins University in the United States has gotten a response from Gabby Asare Otchere-Darko, a prominent NPP member.
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Prof. Steve Hanke had tweeted that Gabby must be from another planet if she thought the government and Finance Ministry merited plaudits for managing the economy despite the current financial crisis.
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Gabby's reaction focused on three distinct factors: his location, his opinions on the Ghanaian economy and inhabitants' living situations, as well as how he addresses the current problems.
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In response to the 'living on another planet' jibe by Hanke, Gabby said in a tweet quoting Hanke's critique: "I live on the part of this planet called Ghana."
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On the economy, he stated: "I see, I feel how tough things are, especially for the average Ghanaian. I see how tough it is for Govt and the constant struggle to keep bills paid, kids in school, our lights on etc.
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"I don’t sit far away behind my PC typing doom," his post concluded.
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In Prof. Steve Hanke's critique of Gabby's views, he posted a GhanaWeb story of Gabby's government deserves praise claims on Twitter and captioned it thus: "Leading member of the New Patriotic Party (NPP) says Pres. Akufo-Addo deserves praise for his handling of the economy. SPOILER ALERT: Otchere-Darko must be on another planet."
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He added his usual inflation measurement which he said stood at 81%/y, a figure that is over 100% the official inflation percentage pegged at 33.9%.
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The Ghana Statistical Service, GSS, recently announced that consumer inflation for August 2022 hit 33.9% from 31.7% in July.
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This is the highest rate that has been recorded in 21 years. According to the GSS, food and transportation were the main drivers of inflation.
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Professor Hanke who has taken a keen interest on economic issues of Ghana in a separate tweet said Ghana’s economy was tanking – an expression which means the economy is down and there are fears of a recession.
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He has in the past blamed the Akufo-Addo-led administration for putting the economy in a dire situation.
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“Ghana is in 8th place in this week's inflation table. On Sep 8, I measured Ghana's #inflation at a stunning 81%/yr--over 2x the official inflation rate of 34%/yr. #Ghana's economy is TANKING. To rein in inflation, GHA must install a currency board,” he tweeted on September 19.
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“Today, I measure #Ghana's inflation at 81%/yr. As a result, Ghanaians don't know the price of anything anymore. When Ghanaians see their grocery bills soar, they can thank Pres. Akufo-Addo,” Prof Hanke added.
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