Despite the call by some concerned citizens on the Mahama-led administration to carefully study the economic recommendations from the 2012 Vice Presidential Candidate of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, a member of Government’s Communication Team has described the lecture as needless.
Dr. Mahamudu Bawumia, a former Deputy Governor of the Bank of Ghana and currently a Visiting Professor at the Central University said that the economy of the country is in crisis and called for serious action and the right decisions to be taken quickly to salvage the situation. According to him, anything apart from this would likely see Ghana returning to the International Monetary Fund for a bail out before the end of the year.
But in the words of Alhaji Naziru Mohammed on Okay Fm’s Ghana Decides program, Dr. Bawumia is not in any position to offer economy solutions except to talk as the NPP is better known for their economic theories but poor in practicality.
He added that the suggestions made in the lecture, calling for financial discipline in the country is a non-starter since the Bank of Ghana and the Finance Ministry have already put in place measures that will arrest the indiscipline in the economy.
He however wondered why the NPP struggled with the economic management of the country when they were in power with Dr. Bawumia remained the deputy Governor of Bank of Ghana.
Discrediting the stance of Dr. Bawumia on the current economic situation, Naziru Mohammed urged him (Bawumia) to direct his economic advice to his party.
“And so I think that if Dr. Bawumia has anything to say about our economy, he should first address the economic and corruption problems in NPP. Without power, whatever he says means nothing and it will be accepted or rejected and there is nothing he can do about it. He should wait till the NPP regains power so he can fix the economy because what he said is not different from what the NDC government is doing to better the economy,” he slammed.