Former presidential candidate if the National Democratic Congress (NDC) has called for five removal of the Vice President, Dr. Mahamudu Bawumia, as the chairman of the Economic Management Team.
His reason for making the suggestion is that the Vice President has not shown any competence in doing his job.
The former president made the remarks at the NDC’s ‘Ghana at a crossroads’ lecture in Accra on Monday.
He joined that the economic management team under the leadership of Dr. Bawumia has led the country to its worst international credit rating downgrade, diminished confidence in the local economy and resulted in the poor performance of the cedi on the international market, among other things.
“The economic management team has failed and must be reconstituted immediately with fresh ideas and perspectives having supervised the worst public debt build-up, worst budget deficit, worst debt to GDP ratio, worst credit rating downgrade, worst-performing currency in the world, worst crisis of confidence in the economy… The current head of the economic management team [Dr. Bawumia] has clearly fallen from his ivory tower as a self-styled economic messiah to a poster boy for economic mismanagement and his leadership of the economic management team is no longer tenable,” Mahama said.
Meanwhile, he had also called for the dismissal of the Finance Minister Ken Ofori-Atta.
“Those directly responsible for the economic crisis must bear responsibility, and it is inconceivable that the Minister of Finance [Ken Ofori-Atta] remains at post. Having presided over the worst economic meltdown in Ghana’s recent history, the president must, as a matter of urgency and without further delay relive the Minister of Finance of his position,” he said.