Renowned economist and senior member of the New Patriotic Party (NPP) Kwame Pianim has taken a dig at the Vice President, Dr Mahamudu Bawumia, over the oft-quoted ‘economic fundamentals’ attributed to him.
Dr Bawumia while in opposition and commenting on the exchange rate then said the managers of the economy would be exposed by the rates if the fundamentals were weak.
He defended this as well while in government.
“You will recall that I stated in 2014 that if the fundamentals are weak, the exchange rate will expose you,” the Vice President stated after two years in government.
“That was true then and it is true now. It is 100% correct. So if the fundamentals are weak the exchange rate will expose you.”
He, however, warned: “But it’s warped logic to jump from that to a conclusion that the fundamentals are weak. That defies logic.”
In an interview on TV3‘s New Day on Wednesday, December 22, Mr Pianim was not happy with the way the economy is being managed.
He lashed out at the Minister of Finance, Ken Ofori-Atta, saying he has not done a good job with the management of the country’s economy.
The former board chairman of the Public Utilities Regulatory Commission (PURC) said Mr Ofori-Atta as a finance minister has no business meddling in the exchange rates to the extent of constituting a committee to, inter alia, monitor the performance of the local currency.
Asked by host Berla Mundi whether the exchange rates have exposed a weak fundamental, he said: “You have to ask the Vice President that”.
He added that he agrees with that assertion by Dr Bawumia.
“The Vice President has been exposed by his own exposure,” he concluded.
Source: 3news
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Stop calling this man Renowned Economist. Ghana has been poor since independence, what economic advice has provided to solve our any of our problems? We are feed up with him trying to tell everyone that he is the repository of all knowledge. give us a break
I thought this man was an NPP member Eii JUDAS ISCARIOT Why don’t you provide a solution to your so called Economic breakdown if you have any Talk is cheap
Kwame Mpiani is a spent force; a paper tiger! he should continue sleeping and stop disturbing our ears.
How would the world acclaimed economist done under the current circumstance? Leave Bawumia alone. Even without COVID we still chewed all our meat and left with bones before rushing to our slave masters, the IMF. We thank God for given us the current administration. Mahama and his greedy bustards are only waiting to take us back to the IMF to freeze employment again. Please, don’t fall for their tricks.
People should be honest a little bit and know that supply chain in the global world have and hit the world hard even in those producing economy much less a consumption economy like, even now in US where dollar tree use to anything at $1 is no more doing that and some people think Ghana should be a paradise. How I wish elections are held today for the so called problem solvers to take over Ghana's economy and see what they would do. As we have not see their ike before when they took Ghana to the IMF and would not be suprised if it happens again, and blame it on the NPP for that.
The wannabe president and finance minister is speaking out of pain because Dr Bawumia and Ofori Attah are living his dream.
He is fighting for Allan Cash
Grandpa agb3n3 oofee tsor! Act like the revered statesman we think you are. The world has changed oh, please. Leave Ken and Bawumia alone. They haven’t got very thing right but they are on the right trajectory.