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Don't blame government if you lack skills to take advantage of booming economy

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"If you do not have the skills or you do not have the capacity  to take advantage of a growing economy then you will not feel it in your pocket,"
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The economy is booming. If people are not feeling it then it means they dont have the skill to take advantage of the thriving economy. This is the position of President John Mahama when he spoke on Volta Star radio on his  accounting to the people tour in the Volta region.

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"if you say feeling it in your pocket it doesn't mean the president is going to come from place to place and count money and give it to every body to put it in his pocket."  Mahama said.

He was responding to the backlash from Ghanaians who say they do not feel the resilient economy the President is claiming he has built.

Ghana’s economy has been experiencing hampered growth since 2012 owing largely to a protracted energy crisis.

However, relative stability in energy supply and the discovery of new oil fields appear to be rekindling investor confidence in the economy, according the World Bank.

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However, a new report by the International Monetary Fund (IMF) is projecting that the economy will not witness much growth as forecast by government for this year.

The World Economic Outlook report released by the IMF in Washington DC indicates that Ghana will record a growth rate of 4.5 percent, lower than the 5.4 percent that the  Finance Minister, Seth Terkper, has projected for 2016.

The projections by IMF is critical because it would serve as a guide for some investors who are  still contemplating on whether the environment is right to  move their  funds to Ghana.

The IMF report is also forecasting that inflation will increase to 12. 4 percent, as against Ghana government’s target of 10 percent.

The Fund also warned Ghana the debilitating effect of the recent crises that hit global crude oil prices might not be over.

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Meanwhile, Bank of Ghana (BoG) Governor Abdul-Nashiru Issahakuhas pledged to fight inflation and ensure price stability in his first interview with Reuters.

The president said his government is doing "a lot of things to create opportunities from employment."

He said he expects people to take advantage of the "natural jobs" which come with the growth of every economy.

"If you do not have the skills or you do not have the capacity  to take advantage of a growing economy then you will not feel it in your pocket," he said.

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