What Truly is the Size of the Ghanaian Economy?
Thursday, October 23, 2008 By Alhassan Attah-Quayson As Ghana prepares for its general elections on December 7, 2008, it takes good analytical minds to respond to the many promises and comments made by politicians in their bid to win our votes. A couple of weeks ago, and indeed on many platforms, the New Patriotic Party’s running mate for the December Elections, Dr. Mahamudu Bawumia, who is also the former Deputy Governor of the Bank of Ghana, said on a campaign trail in the Western Region that the successes chalked by his party is unprecedented in the economic history of the country. A week later at a press conference he held in Kumasi, he made reference to the ruling party’s extraordinary ability to have grown the economy from a paltry $4 billion in the year 2000, since assuming power, to $16 billion in 2008. Until last month though, apologists of the ruling government claimed the figure was $3 billion in 2000, which meant Ghana’s per capita income was $150 with a certified populatio
