Mixed reaction to Bawumia’s assessment on economy
A Financial Analyst, Isaac Adongo says the NPP’s presidential running mate, Dr Mahamudu Bawumia’s presentation on the economy sounded more political than factual.
Speaking on GBC’s ‘Behind the News’, Mr Adongo said Mr Bawumia was inconsistent while his figures about the economy were also manipulated.
Mr Adongo said Dr Bawumia lost complete track of government borrowing.
In reaction, the MP for Kwadaso, Dr Owusu Afriyiye Akoto said it is unfortunate that the NDC is distorting the facts disclosed by Dr Bawumia on the economy.
He said Dr Bawumia sourced factual information from the Ghana Statistical Service for his lecture and should not brand the content in the lecture as manipulated and political.
In a related development, a Lecturer at the Finance Department at the University of Ghana, Dr Laud Mensah says Dr Mahamudu Bawumia’s presentation does not reflect the true state of the economy.
He said Dr Bawumia should have rather stated where Ghana is and where it will be going in clear terms.
Dr Mensah was however happy with some aspects of the presentation.
The running mate of the NPP flagbearer, Dr Mahamudu Bawumia has accused the NDC of excessive borrowing that does not match developmental projects in the country.
He said in the last seven years of the NDC administration, government debt has shot up in an unprecedented manner.
Dr Bawumia made this disclosure at a lecture in Accra to give the true state of the Ghanaian economy.
Dr Bawumia said interest payment to loans contracted under President John Mahama in 2015 was $ 9.6 billion.
He said this is more than the budgetary allocation of about five ministries for the 2016. Dr Bawumia said government cannot do well when interest payment far exceeds capital expenditure.
Dr Mahmoud Bawumia said an NPP government will improve the living conditions of Ghanaians as it did in the eight years of Kufuor’s administration.
He said the NPP did a lot in terms of water provision and their infrastructure, but does not want to blow its horns.