The Minority in Parliament has declared Vice President Dr. Mahamudu Bawumia a failure as leader of the government’s economic management team considering the credibility he touted to get into office.
According to the Caucus, the Vice President has mismanaged the economy having failed to, as a duty, engage all economic actors to get first-hand information on the direction of the economy at any point in time.
The side argued under his leadership, Dr. Bawumia rather supervised the economic policy of the Akufo-Addo government akin to ‘One problem one loan’ (1P1L).
Hon. Casiel Ato Forson, Ranking Member of the Finance Committee who responded to the lecture delivered by the Vice President on Thursday said the administration believes every single problem it encounters, it has to go and borrow.
He said, “To them, every single fiscal problem and they have to go and borrow money. That is why today Ghana’s debt is unsustainable.”
“I want to ask the Vice President where he was when his Economic Management Team that he supervises were borrowing as if there was no tomorrow?”
“Where was he when they were sharing the COVID money like ‘kele wele? Where was he? I want to find out from him.”
Dr. Bawumia, he said, also looked on unconcerned when the Finance Minister issued a Euro Bond and took money just to collapse private banks in a way that can only be described as vindictive, reckless and opportunistic.
Mr. Forson described as ridiculous attempt by the Vice President to blame the current economic mess on the banking sector clean-up and stressed the government has rather been wasteful, incompetent and useless after inheriting very robust tax policies from the erstwhile Mahama government.
“They inherited ESLA that has given them almost GH¢15 billion to deal with the energy sector situation but they decided to collateralize it until 2035 and spent the money today.”
“They have collateralized almost everything as if this country does not have generations yet unborn, and squandered all the money on consumption and khebab.”
Vice President Bawumia, he said, must face the Ghanaian people and apologize for promising heaven but delivering hell and running away from his responsibility.
That, he said, is not a mark of leadership because a leader is one that accepts responsibility and moves on.