Dr Mahamadu Bawumia, the running mate of the NPP’s Nana Addo and a former Deputy Governor of the Bank of Ghana has said that Ghanaians are worse off under the presidency of President JEA Mills.
He said the Mills’ administration had woefully failed to sustain the growth of the economy when it over power three years ago.
Dr Bawumiawas speaking at the Ferdinand Ayim Memorial Lecture held at the College of Physicians and Surgeons in Accra today, on the theme, “The State of the Economy”.
The top NPP economist said the purported growth of the economy, as claimed by the NDC, was not reflecting in the lives of Ghanaians.
Dr Bawumia added that talks by the NDC to the effect that they had achieved and maintained single digit inflation for over a year now, were inconsistent with the realities on the ground, stressing that the prices of food, especially, had doubled, to the detriment of many Ghanaians.
He added the Ghana cedis was “virtually in free fall”, due to the poor “fiscal management” of the President Mills administration.
“The cedi is presently the weakest performing currency in Africa at this point in time”, he said, adding that it was indicative of the bad performance of the economy under President Mills.
“You cannot manage the economy with propaganda”, he emphasised.
Dr Bawumia added that under the leadership of President Mills, corruption had increased, citing a recent corruption perception index by Transparency International.
He said the government’s practice of paying people with which it did not have any contract, was one of the greatest threats to Ghana’s economic development.
Dr Bawumia called on Ghanaians to vote President Mills out in December to be replaced by Nana Akufo Addo.
He said the Nana Addo government will focus on solutions and results and inculcate the ‘can do’ spirit in Ghanaians.
“We would provide Ghanaians with opportunities regardless of which party the belong to”, he emphasised.
Dr Bawumia added that the NPP would manage the country’s resources with competence and integrity when given the chance.