We will respond to Bawumia at the appropriate time- Vice-President promises

by | Sep 12, 2016 | Local News, Uncategorized | 0 comments

Vice-President Paa Kwesi Amissah Arthur has hinted that government will respond to the lecture delivered by Dr. Bawumia on what he believes is the true state of Ghana’s economy.

New Patriotic Party’s (NPP) running mate, who once served as a Deputy Governor of the Bank of Ghana claimed the governing National Democratic Congress (NDC) has badly managed the economy of Ghana. He castigated government for reckless borrowing, over-pricing government contracts and widespread corruptions.

He said high-interest payments on loans shackles government’s ability to invest in capital expenditure.

“To put the interest payments on the debt in context, we should note that the entire allocations in the 2016 budget to the Ministries of Roads and Highways, Trade and Industry, Food and Agriculture, Water Resources, Works and Housing, Youth and Sports, and Ministry of Transport amounted to a total of GH¢2.1 billion. Interest payments in 2016 (GH¢10.5 billion) would be five times what was allocated to these six key ministries combined,” he said.

But in a response, Amissah Arthur argued that this claim is incorrect because the interest payments on loans used for the same capital expenditures Bawumia wants to see government make.

He said this understanding should be basic for a former deputy Governor of the Bank of Ghana. Vowing to deal with Bawumia’s “lies” the Vice-President severed notice that a full-blown response to his political rival’s lecture is imminent.

“We shall correct him and teach him the things that he doesn’t know which he thinks he knows”

Vice-President Amissah-Arthur made these comments at the launch of the Greater Accra Zonal campaign at Ashiaman in Accra on Sunday. He expressed disappointment in Dr. Bawumia for his attack on government and hinted that, “…at the appropriate time, we shall respond in full measure to all the lies that have been told.”

 

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