Dr. Mahamudu Bawumia has responded to critics who said he lied on Ghana’s decision to seek help from the IMF.
NPP Vice Presidential Candidate, Dr. Mahamudu Bawumia said he never lied about the figures he churned out at a recent lecture concerning a Ghc918-million bailout package Ghana got from the International Monetary Fund (IMF).
Dr. Bawumia told Portia Asare of the African Christian Network in New York, on the sidelines of a fundraising dinner that people make such “blanket” statements “when they don’t have anything to say.”
Bawumia stated among other things that the bailout programme will be unsuccessful because the data upon which the programme is built is not credible.
“I gave a talk, 70-paged paper and quite well researched and well documented so I am quite comfortable and then infact I don’t understand what can be misleading.” “I said this is why we got into the IMF, you were spending too much relative to revenues, which is true, you were borrowing too much which is true.
“The question was: ‘Will the IMF anchor hold?’ I said this is why we got into the IMF: You were spending too much relative to revenues, which is true; You were borrowing too much, which is true; your external payment position has deteriorated, which is true; your growth is reducing, which is true; so You ended up at the IMF and the IMF will impose certain conditions, which is true; and if you don’t do certain things right, the anchor will not hold, which is true.
“So I’m not quite sure what it is that is not true that I said, but I think the supporters of this government and this government itself are reluctant to admit the truth even when it hits them in the face,” Dr. Bawumia added.