(VIDEO) While Bawumia Was Busy Giving Hope On The Economy, Mahama Was Talking About “Girls” Somewhere – Nana Oteatuoso
Presidential Journalist, Nana Oteatuoso Kokobeng II has descended heavily on former President John Mahama for not being serious with economic issues.
He said whereas the Vice President, Dr. Mahamudu Bawumia was seriously giving hope to Ghanaians about the economy, Mr. Mahama was talking about “women.
Nana Oteatuoso gave the commentary on the Thursday edition of the “Di Bawumia Ho Adanse3” on Wontumi Tv.
Dr Bawumia said among other things that in addition to the Covid expenditure, the banking sector clean up exercise and payment of excess power in the energy sector as a result of the contracts signed by the National Democratic Congress (NDC) administration, accounted for the rising pubic debt.
Regarding the Covid spending, he stated that the government needed to save the lives of the people hence the decision to prioritise spending in the health sector in order to restore the health of the people.
Speaking at a forum held by TESCON, students wing of the New Patriotic Party (NPP), he said spending in all these areas cost the government ¢50.1billion.
But for the banking sector and the Excess Energy payment, he said the debt would be hovering around 68 per cent instead of the 81 per cent.
“Between 2019 and 2021 Ghana’s debt to GDP increased by 17.6 percentage points of GDP. It should be noted that without the 15.1 billion of the exceptional items – the financial sector and then the energy and Covid Ghana’s debt to GDP would have been about 68 per cent instead of the current 80 per cent,” he said.
Dr Bawumia further attributed the current hardships in the Ghanaian economy to the ongoing geopolitical tension between Russia and Ukraine.
He stated that Russia accounts for some 30 per cent of Ghana’s imported grains , 50 per cent of flour and 39 per cent of fertilizer.
The warfare therefore affected the local economy, he said.
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