‘Poster boy' Bawumia’s leadership of Economic Management Team no longer tenable – Mahama

Headlines Poster boy' Bawumias leadership of Economic Management Team no longer tenable – Mahama
MAY 3, 2022 LISTEN

The 2020 flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama is calling for the removal of the Vice President, Dr. Mahamudu Bawumia, as the chairman of the Economic Management Team.

According to him, the state of the country’s economy requires that he steps aside, for a fresh face to be employed to take over the job.

The former president made the remarks at the NDC’s ‘Ghana at a crossroads’ lecture in Accra on Monday.

He said the economic management team under the leadership of Dr. Bawumia has led the country to its worst international credit rating downgrade, diminished confidence in the local economy and resulted in the poor performance of the cedi on the international market, among other things.

In addition to Bawumia, Mr. Mahama said the entire membership of the economic management team must be revised.

“The economic management team has failed and must be reconstituted immediately with fresh ideas and perspectives having supervised the worst public debt build-up, worst budget deficit, worst debt to GDP ratio, worst credit rating downgrade, worst-performing currency in the world, worst crisis of confidence in the economy… The current head of the economic management team [Dr. Bawumia] has clearly fallen from his ivory tower as a self-styled economic messiah to a poster boy for economic mismanagement and his leadership of the economic management team is no longer tenable,” Mahama said.

He also called on President Akufo-Addo to relieve the Minister of Finance, Ken Ofori-Atta of his job since he believes that he has failed to act in the national interest and rather seeks his personal interest.

According to him, the current state of the economy must be blamed directly on the Finance Minister as well as the Vice President and the economic management.

“Those directly responsible for the economic crisis must bear responsibility, and it is inconceivable that the Minister of Finance [Ken Ofori-Atta] remains at post. Having presided over the worst economic meltdown in Ghana’s recent history, the president must, as a matter of urgency and without further delay relive the Minister of Finance of his position,” he said.

He added that the government must bring in a replacement who “is focused on national rather than self-interest.”