Gov't 'Kakamotobi' economy biggest disincentive for investors- Dr. Bawumia

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May 23, 2016 7:22 AM

Dr. Bawumia has been a very loud critic of the economic management decisions of the NDC- Mahama-led administration.

Dr. Mahamudu Bawumia, NPP Vice- Presidential Candidate

Dr. Mahamudu Bawumia, Vice- Presidential Candidate of the New Patriotic Party says the government’s ‘Kakamotobi’(Scary) economic management technics are the biggest disincentives to investors and not his criticisms of the current state of the economy.

Lately the former Deputy Governor of the Bank of Ghana drew attention to the diversion of $250 million from the Ghana Infrastructure Fund in the Bank of Ghana to a private bank.

The deputy Finance Minister, Cassiel Ato Forson also accused the running mate of the NPP flagbearer, Nana Akufo-Addo of driving away investors with his all-gloom comments about the Ghanaian economy.

But speaking to some students of the Navrongo Nurses Training College in Navrongo on May 18, Dr Bawumia said it is “The economy the NDC under John Mahama have created [which] is a real scary economy. It is scary if you are a student and worried about getting a job.”

Dr. Bawumia said “the incompetence, cluelessness and untruthfulness of the NDC government coupled with unfavourable conditions like high electricity bills and over four years of unstable electricity supply (Dumsor) that is scaring away foreign investors and the donor community.”

Touching on the country’s programme with the International Monetary Fund (IMF), Dr Bawumia said, “It is your management of this economy that resulted in Ghana seeking an IMF bailout.”

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