Govt dismisses Bawumia’s criticism, but Akufo-Addo backs him

nana-addoDr Omane Boamah, Communications Minister, has said the lecture delivered by Dr Mahamudu Bawumia, the New Patriotic Party (NPP) vice presidential aspirant, on Tuesday, served a better propaganda purpose than an academic exposition.

The minister said the aspirant did not do justice to the Central University College, organisers of the fourth edition of the lectures, and the students who listened to him.

Dr Boamah said the former Deputy Governor of the Bank of Ghana, “embellished the facts to dwarf the monumental achievements made by government”.

He said attempts by Dr Bawumia to question the sanctity of the figures provided by the Statistical Service, which formed the basis of the International Monetary Fund (IMF) bailout was disingenuous.

Dr Boamah observed that the NPP vice presidential aspirant had a reputation of running down the Statistical Service, and he got it all wrong with his comparison of figures from the Service to that of the Ministry of Agriculture.

He said the Statistical Service remains the country’s reliable institution for data gathering and interpretation.

Dr Boamah stated that the IMF, which has a superior statistical and analytical skill, went through the data provided by government, had some challenges especially with the debt rationalisation but in the end approved the data.

He said that the issues raised by Dr Bawumia were nothing new and that the government was working assiduously to resolve the challenges confronting the country.

However, Nana Addo Dankwa Akufo-Ado, flagbearer of the NPP, said that if he wins power, his government would respect a binding agreement with the IMF, but would renegotiate part of the contract if it becomes necessary.

Speaking with Joy News after the lecture, Nana Akufo-Addo said the highest point of the presentation was the clarion call on Ghanaians to be hopeful that even in the midst of the turbulent crisis, the country can still bounce back.

Dr  Bawumia presented a rather grim picture of the country’s economy, and suggested that the 1 billion dollars IMF bailout was not the panacea to the economic challenges of Ghana.

He said money made available by the IMF under the bailout is equivalent to the amount to be spent in building three Kumasi central markets.

Dr  Bawumia said the country had to return to the IMF because of corruption, fiscal indiscipline, ballooning and unsustainable debts, and it would require sound rigorous economic interventions  to turn the scales of the economy around.

He said he did not understand the gaping differences in economic data from the Statistical Service and that of the Ministry of Agriculture and sought to question the credibility of the figures provided by the former.

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