Bawumia Has Now Disappeared From NPP Economic Team – Mr. Ofosu Kwakye

Assistant of former President Mahama, Felix Kwakye Ofosu, has criticized Vice President Mahamudu Bawumia for his silence on Ghana’s current economic condition. Mr. Ofosu believes Dr. Bawumia is aware of the economy’s decline and is working to avert it.

“He has completely disappeared from the economics team. He has gone into hiding, and he is avoiding discourse on the economy like the plague,” Mr. Ofosu said on Eyewitness News on Citi 97.3 FM.

“He doesn’t want to touch it with a long pole. He doesn’t want to take responsibility for the mess that he has supervised.“ Mr. Ofosu also questioned the government’s lack of transparency, which he said: “has not been forthcoming with any plan.”

“If you say you don’t want to go to the IMF, what is the credible plan that you have to ensure that confidence returns to the economy and that we do not collapse?”He asked.

Mr. Ofosu also slammed the government’s response to the current economic assessment by rating agencies. The government, for example, disagreed with Fitch and Moody’s ratings, which labeled Ghana as unstable and regressing. Mr. Ofosu, on the other hand, stated that“if two of them give you a very grim, very dire, very gloomy outlook, I’m not sure if there is anything to be proud of.”

The government claimed in one of its arguments that Moody’s rating was based on a lack of groundwork by its Lead Analyst. Mr. Ofosu, on the other hand, shot back, saying “this is the most ridiculous and embarrassing excuse I have ever heard any government make about a downgrade.”

“Data is data,” he continued, “and no one needs to go from Paris or London to Accra to get it.”

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