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Ghana’s Mahama Challenges Bawumia with Key Economic Questions Amid Currency Struggles

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Former president and  presidential candidate for Ghana’s National Democratic Congress (NDC), John Dramani Mahama, has raised a series of questions aimed at Vice President Dr. Mahamudu Bawumia, who is also the presidential candidate for the New Patriotic Party (NPP) in the upcoming 2024 election.

Mahama’s questions focus on Ghana’s economic challenges, pointing to Bawumia’s former role as an economic advocate who often critiqued the previous administration’s economic policies. Speaking during a tour in the Northern Region, Mahama noted a shift in Bawumia’s approach, saying the vice president has now placed more emphasis on digitalisation rather than addressing urgent economic issues.

“He used to be vocal on economic matters, but now it seems ‘economy’ is no longer in his vocabulary,” Mahama remarked, implying that Bawumia’s current focus on digitalisation projects is a distraction from key financial concerns.

Mahama’s Five Questions to Bawumia:

  1. Currency Devaluation: “Why is the exchange rate now 17 cedis to the dollar?”
  2. National Debt: “Why has Ghana’s debt increased from 120 billion to 767 billion cedis over eight years?”
  3. Inflation Rise: “What led to the spike in inflation, reaching 54% under your administration?”
  4. Bank of Ghana Borrowing: “Why did your administration borrow 42 billion cedis from the Bank of Ghana, leading to its largest-ever loss of 60 billion cedis?”
  5. Economic Lectures: “Why have you stopped delivering lectures on the economy?”

Mahama’s questions draw attention to what he views as pressing economic concerns, as Ghana faces challenges including inflation and a weakened currency.

Source:TheDotNews

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