A former Deputy Communications Minister has asked Vice President Dr Mahamudu Bawumia to stop wasting the precious times of Ghanaians with his unfulfilled promises to fix the ailing economy of Ghana.
According to Kwakye Ofosu, Dr Bawumia’s promise to revive the ailing economy should “be thrown to the dogs.”
In a Twitter post on Tuesday, August 8, Mr Kwakye Ofosu said the Vice President’s record as the chairman of Government's Economic Management Team is very catastrophic and cannot be trusted.
He insisted that Dr Bawumia cannot be taken seriously by Ghanaians.
“As Chair of the Economic Management Team, his results (are) : bankruptcy, a collapsed currency, hyperinflation, biggest ever public debt, debt default, worst credit ratings, widening budget deficits, unprecedented hardships and many more.”
“He should stop wasting our time.”
In a related tweet yesterday, Kwakye Ofosu berated the Akufo-Addo/Bawumia government over their handling of the Ghanaian economy.
Felix Kwakye Ofosu maintained that the current government has committed economic atrocities against the Ghanaian people.
He said the most recent of these atrocities is the Bank of Ghana’s continuous lending to the government – which is crippling the bank's activities.
According to him, this illegality if not checked, will lead to dire consequences for the country’s economy.
“Akufo-Addo and Bawumia have committed economic atrocities, the latest being forcing the Bank of Ghana to lend tens of billions of Ghana cedis to government against the law, and leading to the former’s insolvency.”
Felix Kwakye Ofosu thus described the Akufo-Addo administration as “the worst government ever!”
The Annual Report and Financial Statements of the Bank of Ghana showed it recorded a loss of ¢60.8 billion in 2022.
The Central Bank’s record loss is coming after it posted a ¢1.2 billion profit in 2021.
Latest Stories
-
Works and Housing Ministry seeks lasting solutions to challenges with stakeholders engagement
21 seconds -
President’s statement on GRA-SML contract underlines Fourth Estate’s revelation – MFWA
4 mins -
Director urges parents to protect children from abuse
41 mins -
Imani-Ghana criticises Akufo-Addo for not lauding Fourth Estate’s contribution to social development
48 mins -
Man remanded for allegedly stabbing businessman with broken bottle and screwdriver
1 hour -
Population in Kumasi Central Prison surges to 1800, threefold exceeding capacity
1 hour -
NPP to conduct La Dadekotopon parliamentary primary today
1 hour -
KPMG’s report on GRA and SML deal, government white paper on report and matters arising
1 hour -
I won’t reply to Chris Brown tour criticism – Ayra Star
1 hour -
British Columbia to back off drug decriminalisation project
2 hours -
Veteran commentator Joe Lartey Sr dies at 96
2 hours -
Livestream: Newsfile discusses KPMG report on SML deal, ILO on SSNIT reserves and NDC’s running mate
2 hours -
Ghanaian activist hugs over 1,100 trees in an hour to set Guinness World Records
2 hours -
Mathew Anim Cudjoe’s Dundee United promoted to Scottish Premiership after Championship win
2 hours -
NSMQ star Jochebed Adwoa Sutherland sweeps 12 awards at UG Vice-Chancellor’s Ceremony
3 hours