{"id":369588,"date":"2017-11-08T17:51:46","date_gmt":"2017-11-08T17:51:46","guid":{"rendered":"http:\/\/citifmonline.com\/?p=369588"},"modified":"2017-11-08T17:51:46","modified_gmt":"2017-11-08T17:51:46","slug":"bawumia-is-only-confident-he-knows-nothing-minority","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/11\/bawumia-is-only-confident-he-knows-nothing-minority\/","title":{"rendered":"‘Bawumia is only confident, he knows nothing’- Minority"},"content":{"rendered":"
National Democratic Congress (NDC)\u00a0Member of Parliament for Bolgatanga Central, Isaac Adongo, has said that despite\u00a0the eloquent demeanor often\u00a0displayed by economist Dr. Mahamudu Bawumia when he speaks, the Vice President actually “knows nothing about the economy.”<\/p>\n
Speaking at a press conference organised by the Minority in Parliament today [Wednesday],\u00a0Isaac Adongo accused\u00a0the Vice President of consistently peddling falsehood<\/a>,\u00a0<\/strong><\/span>but\u00a0the confident way in which he speaks had convinced Ghanaians to accept his “lies” about the state of the economy.<\/p>\n [contextly_sidebar id=”C7U6vY0kzAVTvfML4OXYiSlrtrgs4ga9″]”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.<\/p>\n “The reality is that, he knows nothing but he\u2019s so confident and eloquent that he can confuse all of you. The reality is that he\u2019s 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.”<\/p>\n His comments come on the back of\u00a0recent failed attempts by the government to\u00a0meet its target for the first tranche of the energy bond.<\/p>\n 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.<\/p>\n The 7-year bond received the targeted 2.4 billion cedis, whilst the 10-year bond accrued about 2.2 billion cedis,\u00a0below the target<\/strong><\/a>\u00a0<\/span>of 3.6 billion cedis.<\/p>\n Several critics have described this development as a failure by the government, and a sign of the declining confidence of investors, whilst the government hailed the bond as relatively successful.<\/p>\n According to Adongo, the recent failed attempts by the government to\u00a0meet 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.<\/p>\n