In the first 100 days of the first term of the NPP government, the Vice President mounted several platforms to tout the cedis gains against the dollar.
It was during that persiod the VEEP Dr. Mahmoud Bawumia made the famous line to a former Inspector General of Police (IGP) that “I have arrested the cedi and given the key to the IGP”.
Dr. Mahmoud Bawumia was never shy to take credit for the minutest economic gains. Every little opportunity he got, he talked about the Cedi. But, now, he is loudly silent about mainline economic performance indicators like exchange rate, debt to GDP ratio, reserves, etc.
The reason is obvious. As aforementioned, When Mahmoud Bawumia became the Vice President, a dollar to Cedi was 3.8. Since taking over, the cedi had depreciated to the point of being adjudged the ‘worst performing currency in the world’.
late 2022 the Cedi fell further to 1 dollar to 15 Cedis, as of today July, 7 the cedi to a dollar is 12 cedis. This is after an IMF programme.
One would have thought that with the monumental failure of the NPP government with Bawumia as the Head of the Economic Management Team, would have the decency to quit and retire quietly with President Nana Akufo Addo.
Instead Dr. Bawumia has become quiet about his failures. The economic messiah has become economic ‘Maguire’
The economy is currently in the ‘ICU’ and not even a 3 billion dollar IMF bailout can rescue it. Businesses are folding up miserably, cost of living is at an all time high.
When John Mahama was on the campaign trail, he listed ideas, vision, programmes and things he would want to do when voted as flagbearer of the NDC.
Same cannot be said of the Vice President since he launched his ‘it is possible’ campaign. The Vice President has avoided such media interactions and interrogations.
What is Dr. Bawumia’s Message? what’s his vision for the country? When John Mahama announced his intention to contest the flag bearership of the NDC, he made himself available to the media. He was interrogated on his promises and ideas
Dr. Bawumia should avail himself to be subjected to the same standard of media interrogation of his plans for this country.
A Part two of this report will focus on the economic lies of the vice president and the fact that he has no message and still wants to lead the NPP to continue the corruption and economic disaster created by him and Nana Addo.
Source:www.247newsgh.com
