Bawumia Engaged In Repetition Of Blatant Untruths- Hon Felix Kwakye Ofosu
A deputy communications minister for the ruling NDC government, Felix Kwaakye Ofosu has explained with authentic data and information that, running mate of the NPP flagbearer Dr Mahamadu Bawumia is engaged in an excercise on repetition of stale untruths he has been peddling in the past.
Felix also stated in a facebook post copied to GhanaPoliticsonline.com that, fanatical supporters of the twice defeated NPP flagbearer Nana Akufo-Addo, are gullible daft and a bunch of ignorants, who don’t read, or take the pain to make research in other to discern through the lies peddled by their dishonest leaders.
He described Akufo-Addo and his supporters as invariably recipients of lies and falsehood
: Felix Kwakye Ofosu writes
Regrettably,there are a lot of folks in the NPP who neither read,research or apprise themselves of any facts relating to the governance of this country.
It is the reason why when their leaders peddle blatant lies about the country and the economy,they simply have no capacity to understand anything they say and repeat same as if it was the gospel truth.
Bawumia peddled a blatant untruth about this government’s borrowing yesterday.It was in fact a repetition of untruths he has told in the past despite corrections made by the Finance Ministry,Bank of Ghana and the President himself.It is simply a lie to say that we have borrowed US$ 39 billion in the last 8 years.Even his attempt to qualify that dubious claim with “dollar equivalent at the time of borrowing” and “value” is only clever by half.
Had these NPP folksthe capacity to appreciate the facts,they would be aware that debt in whatever denomination has always been calculated using the prevailing exchange rate at the time of calculation.It is for this reason that Bawumia uses a figure of GHc 9.5 billion as the debt left by his hopelessly incompetent party.If he were minded to do honest analysis and not intending to deceive the ignorant sections of his party and the unsuspecting public,he would have quoted that in dollars.
That figure is obtained by multiplying US$ 8.1 billion,which was how much we owed as at the end of 2008,by the prevailing exchange rate of GHc 1.17 to a dollar.
It is how our debt was calculated when he was the Deputy Governor of the Bank of Ghana and that is how it is calculated today.No falsehoods are allowed especially when the Bank of Ghana has put our debt and borrowing beyond doubt.
On GDP growth,I am sure the many NPP fanatics who pliantly believe every lie about this government are unaware that average growth between 2009 and 2016 is 7.3% while that of 2001 to 2008 was 5.3%.
Inflation currently stands at 16.4%,lower than the 18.1% the NDC inherited in January 2009.
The budget deficit stood at 6.3% at the end of 2015 and is on course to level at 5% by close of this year.
Added to this is the fact that the NPP was totally hopeless in terms of the delivery of critical social services and amenities.For all their hoopla and lofty rhetoric,they left vast sections of our society in abject squalour and lacking the most basic necessities like water, electricity,acces to healthcare, education, housing, roads,transportation and even jobs.
The government of President Mahama has proven itself vastly superior in the delivery of these and no amount of lies and distortions will change that fact.Not even the pitiful excuse that the NPP had GHc 20 billion and the NDC has had GHc 248 billion,can water down the fact of our superior performance.Who put a gun to Bawumia and the NPP’s heads not to mobilize resources to develop the country.
Finally,if you choose to make yourself a willing recepient of falsehood through ignorance and a total lack of research,dont seek solace in the letters preceding anyone’s name.There is nothing hidden under the sun.All it takes is a desire to learn.