Members of the Gallant Cadres of the National Democratic Congress (NDC) has described Vice president Dr. Mahamudu Bawumia’s lecture on the Economy as a ‘complete joke and a waste of precious time.’
In a press statement the group opined the sad reality that Ghana has become the worst in public debt, the worst in budget deficit, the worst in debt to GDP ratio, the worst performing currency in the world after the Russian Ruble, runaway inflation figures, the worst ever credit ratings, loss of access to the international bond market, among others, all under the watchful eyes of Dr Bawumia the so called ‘economic guru’ is he is often described by members of his party – the NPP.
Below is the full statement by the Gallant Cadres of the NDC
Public Debt Stock Hit Gh¢400 Billion. Where Is Dr Bawumia?
Dr. Bawumia’s Economic Lecture was Empty, Needless, and Unprofitable. It’s a complete joke and a waste of precious time on the economic lecture by Dr Bawumia. Why do you spend GH¢33 billion to collapse financial institutions that needed just Gh¢9 billion to stabilize?
What does it change?: Exchange rate? Fuel prices? Cost of living? Does it pay statutory payments? Reduce our debt burden or reduce inflation? How does it reduce food prices? Get the national health insurance to work?
At the Tamale Teaching Hospital, a 72-year-old woman collapsed at the pharmacy because her prescribed drugs worth GH¢70 could not be found in the Teaching Hospital Pharmacy. She just couldn’t afford the cost and her only hope was her National Health Insurance policy.
Dr. Bawumia will speak today and so what? Ken Ofori Atta spoke through the media, nothing changed. President Akufo-Addo spoke through SONA and nothing changed. Dr Bawumia will speak through a mere TESCON program and so what? Will he rearrest the dollar? Or get the Russia – Ukraine war end? Will it pay for the debt we owe Nigeria gas since 2019? Will it reduce fertilizer prices? Is that how low they have sunk the Ghanaian intelligence? Is that the best platform he can choose to speak on the Ghanaian economy?
Well, let’s see how the fundamentals will expose him or vindicate him.
He has Horribly mismanaged the Ghanaian economy has resulted in the worst public debt, worst budget deficit, worst debt to GDP ratio, worst performing currency in the world after the Russian Ruble, runaway inflation, worst ever credit ratings, loss of access to the international bond market, unprecedented accrual of arrears, unparalleled economic hardships, the rising cost of living and dozens of killer taxes.
Comrade Richard E A Sarpong, Father Casford.
The PRO and Convener 0241906363
Mr. F. Kadan, Secretary. 0242276044
Mr. P. Buckman, Chairman.
0553982819