Posted: Wednesday 23rd July 2014 at 14:03 pm

‘So Called’ Economic Experts Confusing Prez Mahama—Jacob Osei Yeboah


The only Independent Presidential Candidate in the 2012 election, Jacob Osei Yeboah, has blamed some of the nation’s most renowned economists for the economic woes currently facing the country, accusing them of confusing the president.

He specifically mentions 2012 Vice Presidential Candidate for the New Patriotic Party, Dr. Mahamudu Bawumia, former Minister of Finance, Prof, Kwesi Botchwey, Economic Advisor to the President, Dr. Nii Moi Thompson and governor of Bank of Ghana Dr. Henry Kofi Wampah, as some of the guilty persons.

He says they are ‘so called economic experts’, describing them in the local jargon as ‘aboofowoo’ economist.

According to Mr. Osei Yeboah, they are ill-advising the president to steer the nation in the wrong direction, and confusing him with their public utterances and private advises.

In an interview with this reporter in Accra, Mr. Osei Yaboah, noted Ghana has more than enough riches that should have propelled the nation to develop by now, including Gold, Manganese, Bauxite, Diamonds and Lime, as well as Rivers, Lakes, and Streams in abundance for drinking, irrigation and fisheries.

He questioned what kind of advice these ‘economist experts’, could offer some of whom are or have been key government officials, in the management of these resources.

Mr. Osei Yeboah chastised a comment by Prof. Botchwey when he delivered a lecture on the economy at the Central University College recently that Ghana is reeling from economic woes because it has largely been living beyond its means.

Mr. Osei Yeboah believes this claim is total falsehood and a fabrication, labeling him as a ‘book economist’.

He also criticized Dr. Bawumia, a former Deputy Governor of the Bank of Ghana and currently a Visiting Professor at the Central University for predicting Ghana may have to seek a bail out from the International Monetary Fund before the end of the year, describing the projection as bogus.

He thinks comments and advice from the above persons are what is confusing the current president when it comes to decision making and policies that can help fix the crisis the economy is facing.

When this reporter sought to inquire whether he would contest again in the 2016 presidential election, he was quick to say yes, adding he was ever ready for the battle ahead and remain hopeful he would be the next president of Ghana.

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