News:
November 9, 2017
Member of Parliament for Bolgatanga Central, Isaac Adongo has taken a swipe at the Vice President Dr. Mahamudu Bawumia for consistently peddling falsehood about the state of Ghana’s economy.
According to Mr. Isaac Adongo the recent failed attempts by the government to meet its target for the first tranche of the energy bond was an indication of the inability of the Economic management team, led by the Vice President, to manage the economy adequately.
He further noted that Dr. Bawumia has been “over-hyped and his eloquence” had convinced Ghanaians to accept his “lies” about the state of the economy.
“Bawumia has never understood the economy of Ghana. He has always lied about the economy of Ghana.
He said that our debt was about 36 billion and would end at 40 billion dollars. When he came with his budget, he said it was around 26 billion.
How did John Mahama miraculously find 14 billion dollars to pay down the debt in three months before we left office? He took the people of Ghana for a ride,” he said.
“The reality is that, he knows nothing but he’s so confident and eloquent that he can confuse all of you.
The reality is that he’s now managing the economy and must walk the talk. But with this bond, I doubt they will attempt the four billion again because they will not get a third rematch because the investors are already away from it.”
The managers of the bond sought to raise 6 billion cedis under two separate bonds, but accrued a total of 4.6 billion cedis after it closed the auction.
According to Isaac Adongo, despite being able to raise a $2.25 billion bond in hours in April on the back of the goodwill built up by the previous administration, the subsequent attempts have failed because of waning investor confidence.
“They rode on the back of the confidence of the economy that the NDC left, to raise a bond of $2.25 billion in four hours. What has now happened that in one month, they still can’t raise it? They are destroying the fundamentals that we developed for them.
When they were in their honeymoon period and were taking credit we told them to wait and that their time would come. Their time has come and we have been embarrassed,” he said.
By: Kwaku Sakyi-Danso/ghanamps.com