Bawumia, who is seriously bent on criticizing the hell out of the incumbent NDC administration has not yet relented in this business. This time around, he has described the economy under the Mahama-led government as a kaakaamotobi economy that scares all Dick and Harry in Ghana.
The Vice presidential Candidate of the opposition New Patriotic Party, Dr Mahamudu Bawumia said this in response to assertions that he is scaring away foreign investors with his constant negative comments about the state of the country’s economy.
Denying the claims, Dr Bawumia explained that he is not the one driving investors away, rather, the “mismanagement and incompetence of the current NDC government, which has led to the current economic slump and unprecedented hardships”, is really scary to both Ghanaians of all walks of life and foreign investors.
Speaking at an interaction with students of the Navrongo Nurses Training College in Navrongo, he said that every Ghanaian in any profession is seriously scared under the present administration because of the state of the economy.
The Economy the NDC under John Mahama have created is a real scary economy. It is scary if you are a student and worried about getting a job. It is scary for businessmen in this very high tax economy. It is very scary for people who are borrowing and who are incurring very high interest rates on their loans. It is very scary for our nurses, it is very scary for our doctors, it is very scary for our teacher trainees and our teachers. It is in fact what one can describe as a Kaakaamotobi economy. They have scared the living daylight out of all of us.”
He laughed off the accusations by the Deputy Finance Minister, Cassiel Ato Forson that his constant criticism of Ghana’s economy is adversely affecting foreign investors, adding that, it doesn’t take him to scare away foreign investors, but it is the government’s mismanagement that is scaring away foreign investors.
He indicated that the “incompetence, cluelessness and untruthfulness” of the NDC government coupled with unfavourable conditions like high electricity bills and over four years of unstable electricity supply (Dumsor) is scaring away both local and foreign investors.
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Also making reference to the IMF bailout, he pointed out that, Ghana went for an IMF bailout because it became largely broke and because it had lost policy credibility. According to him, when you admit you don’t have credibility and have to borrow credibility from the IMF, that alone would scare away any foreign investor.
Speaking further, Dr. Bawumia blamed the government, pointing out that, had government listened to the wise counsel from experts like him in opposition (when it started raising issues about the recklessness and mismanagement of the economy), Ghana would not have been in the economic ditch it finds itself in currently.
Bawumia’s visit to Navrongo Nurses Training College is part of his campaign tour in the Upper East Region. He urged the students and residents to join the ‘Change Train’ and vote massively for the NPP to unseat the unfavourable NDC government with their kaakaamotobi economy.