Previous Deputy Information Minister, Felix Kwakye Ofosu has attacked Vice President Dr. Mahamudu Bawumia following his most recent contention on the motivation behind why Ghana is looking for help from the International Monetary Fund (IMF).
He expressed claims by the Vice President depicted as a 'fourfold whammy' are simply by and large lies and humorous.
"The Vice President's cases are a blend of through and through lies and a diverting presentation. To be sure in any self-regarding ward, he will be a distant memory from office after such a disastrous presentation of shocking ineptitude. After he has directed the breakdown of the Ghanaian economy he ought to be a distant memory as top of the Economic Management Team.
"He shouldn't come and pour affront on the enduring of Ghanaians with such clever presentation. There is no serious, sensible, learned finance and monetary expert who will acknowledge these amusing cases," Felix Ofosu Kwakye told Citi News in a meeting.
On Thursday, July 14, Vice President Dr. Mahamudu Bawumia conveyed a discourse at an occasion held at the Accra Business School where he cleared up the choice by the decision government for go to the IMF for a bailout.
While allocating some fault on the past John Dramani Mahama-drove government, Dr. Bawumia said the Covid-19, monetary area cleanup, energy area obligation supporting, and the Russia-Ukraine war are to be faulted for the financial difficulties confronting the country.
"With the difficulties on getting to the capital market, equilibrium of installment support was expected to connect this funding hole, balance out the economy and make the space to carry out underlying changes and reestablish obligation maintainability and this is actually the motivation behind why Ghana needed to go to the IMF.
"I ought to again take note of that Ghana has been hit with a fourfold whammy. The energy area overabundance limit installments. Banking area cleanup, Covid-19, and the Russia-Ukraine war. Assuming that you take out this fourfold whammy Ghana won't be going to the IMF," H.E Dr. Mahamudu Bawumia accentuated.
He further charged Ghanaians to prepare themselves for harder times as his administration attempts to make something happen.
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