The Ministry of Finance is asking the vice presidential candidate of the opposition New Patriotic Party (NPP), Dr. Mahamudu Bawumia to apologize for peddling “falsehood” about the Ghanaian economy.
[contextly_sidebar id=”xiTPTdBzghlkYK1VkX2pXwEdVbJuGHVY”]Dr Bawumia during a recent lecture on Ghana’s economy and the bailout deal with the International Monetary Fund (IMF), among other things asserted that the African Development Bank (AfDB) has sanctioned Ghana for non-payment of debt owed the institution.
But the AfDB denied the claim and attributed the wrong impression to an administrative error that occurred on February 15, 2015 but which was subsequently corrected upon notice.
Reacting to Dr Bawumia’s claims, Deputy Finance Minister, Cassiel Ato Forson said the lecture was full of factual inaccuracies and should be disregarded.
He argued that the former deputy Bank of Ghana (BoG) Governor could have easily crosschecked his data with his former institution (rather than relying “on hearsay.”
“For you to go out to say that the African development bank have blacklisted Ghana, I think its very unfortunate because it’s not based on facts,” he said.
He further explained that government intends to issue a bond soon but lamented that Bawumia’s “baseless” claims could deter investors from patronizing the bond.
“What this has done to Ghana, tomorrow we are going to the bond market, we have a five year that we are hoping to be very successful, he’s end up sending fear and panic to the investing community. I think he should come and apologize because the signal that he sent there is not good at all, he sent wrong signal.”
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By: Godwin Allotey Akweiteh/citifmonline.com/Ghana