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Mahama to Bawumia: Why has Ghana’s debt risen from GH¢120 billion to GH¢767 billion in eight years?

October 29, 2024
Mahama-and-Bawumia

John Dramani Mahama, the National Democratic Congress (NDC) presidential candidate, has asked Vice President Dr. Mahamudu Bawumia to answer five questions about the country’s current economic challenges.

The former president wants Dr. Bawumia to explain how the government is handling the cedi exchange rate, Ghana’s rising national debt, soaring inflation, and the government’s borrowing practices.

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According to him, as President Akufo-Addo’s running mate, Dr. Bawumia posed 170 questions to then-Vice President Paa Kwasi Amissah-Arthur about the state of the economy.

“He used to give lectures every month about how to run an economy, and how to fix the economy. He posed 170 questions to my Vice President Amissah Arthur. He should go and answer the 170 questions himself. Indeed, he shouldn’t answer 170 questions. He should answer only three questions.

”Question 1, he should come and answer. Why is the exchange rate GH¢17 to the dollar?

“Question 2, why has Ghana’s debt risen from GH¢120 billion to GH¢767 billion in eight years? He should come and answer.

“Question 3, why did inflation rise to where it is at 54% under your administration for eight years?

“Then let me add two more. Question 4, why did you borrow GH¢42 billion from the Bank of Ghana? He should come and answer those questions. We don’t need 170 questions. With the 170, if he wants, he can answer them himself. But Ghanaians are asking him four questions.

“He should come and answer those four questions and explain to Ghanaians why we are where we are. The last question is why has he run away from the economy to digitalisation? He used to be talking a lot about the economy. Today he can’t mention the economy, it’s not in his vocabulary.

“Anytime he opens his mouth, digitalisation. Come and talk about the economy. That’s question five. Five questions. Tell him you should come and answer them,” he stated.

By: Rainbowradioonline.com/Ghana

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