Eurobond saga: Ametor Quarmyne replies Bawumia

Ametor QuarmyneA communication team member of the governing National Democratic Congress (NDC), Eric Ametor Quarmyne, has described as mischievous claims by the New Patriotic Party (NPP) running mate, Dr. Mahammudu Bawumia that proceeds from the Eurobond sale was used to pay debts incurred by the Bank of Ghana.

According to him, in his bid to fulfill his dream of becoming Vice President of Ghana, Dr. Bawumia was bent on denigrating the Mahama-led administration just to give the NPP an advantage in the 2016 general elections.

The former Deputy Governor of the Bank of Ghana has incurred the wrath of many after he challenged government to give a vivid account of how the 1 billion dollar proceeds realised from the sale of the Eurobond was expended.

Addressing an audience in the United Kingdom, Dr. Bawumia alleged that the money had been wasted in shoring up the Cedi that has fallen against the major trading currencies an allegation the Finance Ministry has vehemently denied.

On Monday, Mr. Quarmyne said Dr. Bawumia was behaving as if he is the only authority on economic issues in the country.

Mr. Quarmyne explained that $250 million of the Eurobond would be used for capital expenditure, $250 million for the Ghana Infrastructural Fund, $300 million for counterpart funding and $200 million for maturing short time debt.

He described as unfortunate when someone of Dr. Bawumia’s stature decides to run down government just to please his paymasters.

In a rebuttal, Director of Communications of the NPP, Nana Akomea, charged Ametor to attack the message, not the messenger.

He maintained that in spite of the denial by government, it has not been able to provide answers to the begging questions.

“Whether Dr. Bawumia is suffering from megalomania or not it will not solve the bread and butter issues confronting Ghanaians.”

He said Dr. Bawumia is undoubtedly an economic prophet because all his predictions about the depreciation of the cedi, International Monetary Fund’s bailout and others which the government ignored came to pass.

Nana Akomea said if the Mahama-led administration was smart, it would rather contact Dr. Bawumia to salvage the economy from total collapse.



Print Friendly

Leave a Comment