Ghana's Economy Parliament finance committee chairman slams Bawumia's economic lecture

On Thursday, September 8, the former Deputy Governor of the Bank of Ghana painted a gloomy picture of the economy under president John Mahama, describing his administration as the worse the country has witnessed.

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play Parliament Finance Committee Chairman Dr. James Klutse Avedzi
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Parliament Finance Committee Chairman Dr. James Klutse Avedzi has described Dr Mahamadu Bawumia's lecture on the Ghanaian economy as "intellectually inaccurate” while expressing surprise he stooped so low in his lecture.

On Thursday, September 8, the former Deputy Governor of the Bank of Ghana painted a gloomy picture of the economy under president John Mahama, describing his administration as the worse the country has witnessed.

He said the Mahama-led administration has rundown the economy in a bizarre manner, leading it to seek a bailout from the International Monetary Fund.

“I was highly surprised that somebody who is vying for the number two position of this country will go so low by putting aside his degree; trying to be different from being academic. You know he is a doctor in economics but because of that lecture, I am tempted to ask whether he is actually a doctor in economics,” the Ketu North Member of Parliament said.

Dr Bawumia in his lecture cited the cost of two teaching bungalows: one built by the New Patriotic Party administration and the other one by the governing National Democratic Congress.

Dr Bawumia in his analysis said the NDC government used GHC 900,000 to build a teacher’s bungalow at Dambai College of Education. He said the NPP constructed a similar bungalow on the same campus at GHC 195, 000.

In response to this claim, Avedzi said: "If you compare by saying that the cost of building teacher’s bungalow in Damabi training college in 2008 when NPP is power, could be used to build four of that same bungalow if Nana Addo was in power today, then it is economically and academically incorrect!

"If somebody who is an economist should ask that question without factoring in inflation and other factors, then I am surprised; that is why I questioned the credibility of his degree," he said.

"He chose areas that he thinks will favor him for what he wants to be.”

“We should not allow people with too much political colour to give these kind of lectures; the lectures are something that are full of political colours,” he concluded.

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