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| This center-right campaign ad reads: "2012. Nana, our hope for victory" |
In the 2008 presidential election, the center-right New Patriotic Party lost its bid to retain power by less than 1% of the vote. Does it deserve to win in this Friday's election? Mr. Nyarko, a Ghanaian center-rightist, argues yes: "During the reign of the NPP administration, they succeeded in rescuing
the economy from virtual destruction. They ensured that the fundamentals
of the economy were strengthened in order to provide the platform for
rapid socio-economic development. Although, they met inflation at about
41%, they were able to reduce it to 9.8% in 2006 (single digit) and
later 18% in 2008 (it went up partly because of the credit crunch that
disoriented world economies). By the time they exited office, they had
slashed down inflation by 23 percentage points. Interest rate was also
reduced from 50% to 25% during the same period."