{"id":1260241,"date":"2022-11-30T22:42:25","date_gmt":"2022-11-30T22:42:25","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/11\/30\/bawumia-is-economic-maguire-he-is-scoring-own-goals-adongo\/"},"modified":"2022-11-30T22:42:25","modified_gmt":"2022-11-30T22:42:25","slug":"bawumia-is-economic-maguire-he-is-scoring-own-goals-adongo","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/11\/30\/bawumia-is-economic-maguire-he-is-scoring-own-goals-adongo\/","title":{"rendered":"Bawumia is \u2018Economic Maguire\u2019, he is scoring own goals \u2013 Adongo"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/11\/WhatsApp-Image-2022-11-30-at-18.27.23.jpeg\" \/><\/p>\n<div id=\"article-text\">\n<p>Member of Parliament for Bolgatanga Central, Isaac Adongo has criticised the Head of the Economic Management Team, Dr. Mahamudu Bawumia for what he termed as poor management of the economy.<\/p>\n<p>Speaking on the floor of Parliament, Wednesday, Mr. Adongo described Dr. Bawumia as \u201cEconomic Maguire\u201d who has become a risk to Ghana\u2019s economic prosperity.<\/p>\n<p>The MP likened the Vice President to Harry Maguire, an English player who has become a threat to the defense of his club, Manchester United, because he has been scoring \u2018own goals\u2019, thus assisting opponents to score his team.<\/p>\n<p>According to the MP, prior to the ruling New Patriotic Party government\u2019s assumption of office, Dr. Bawumia was touted as the \u2018economic wizard\u2019 because he delivered lectures on how to tackle the cedi depreciation and improve the economy.<\/p>\n<p>He noted however, that after becoming Head of the Economic Management Team, Dr. Bawumia is now behaving like Harry Maguire- destroying the fundamentals of the economy.<\/p>\n<p>\u201cThis \u2018Economic Maguire\u2019 went to Malata market and we were clapping saying this man is the best in managing foreign currency. The same \u2018Economic Maguire\u2019 was roaming at Central University delivering lectures on how to restore the value of the cedi.<\/p>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"300\" scrolling=\"no\" frameborder=\"no\" allow=\"autoplay\" src=\"https:\/\/w.soundcloud.com\/player\/?url=https%3A\/\/api.soundcloud.com\/tracks\/1393470319&#038;color=%23ff5500&#038;auto_play=false&#038;hide_related=false&#038;show_comments=true&#038;show_user=true&#038;show_reposts=false&#038;show_teaser=true&#038;visual=true\"><\/iframe><\/p>\n<p>\u201cMr. Speaker when we gave this Maguire the opportunity to be at the center of our defense, he became the risk of our own goal. Dr. Bawumia, our Economic Maguire is now tackling all the fundamentals of our economy and destroying all of them,\u201d he said on the floor.<\/p>\n<p>The country\u2019s inflation rate is currently at 40.4% with the cedi depreciating by 53.8% in 2022. Fuel prices have increased more than three times this year with the cost of living now high.<\/p>\n<p>Ghanaians have consistently lamented the economic hardship and called for the government to introduce measures to ease the hardship.<\/p>\n<p>The government is currently before the International Monetary Fund (IMF) for economic support amidst the country\u2019s GH\u00a2467.37 billion current public debt.<\/p>\n<p>Moody\u2019s has also downgraded the Government of Ghana\u2019s long-term issuer ratings to Ca from Caa2 or further junk status and changed the outlook to stable.<\/p>\n<p>This concludes the review for the downgrade that was initiated on September 30, 2022.<\/p>\n<p>\u201cThe Ca rating reflects Moody\u2019s expectation that private creditors will likely incur substantial losses in the restructuring of both local and foreign currencies debts planned by the government as part of its 2023 budget proposed to Parliament on 24 November 2022\u2033, a statement published on its website said.<\/p>\n<p><strong>DISCLAIMER: <\/strong>The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Member of Parliament for Bolgatanga Central, Isaac Adongo has criticised the Head of the Economic Management Team, Dr. Mahamudu Bawumia for what he termed as poor management of the economy. Speaking on the floor of Parliament, Wednesday, Mr. Adongo described Dr. Bawumia as \u201cEconomic Maguire\u201d who has become a risk to Ghana\u2019s economic prosperity. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1260242,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[],"class_list":["post-1260241","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1260241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1260241"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1260241\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1260241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1260241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1260241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}