A professor of applied economics at Johns Hopkins University has accused the Vice President, Dr Mahamudu Bawumia, of playing blame games with Ghana's economic problems.
Steven Hanke said he has noticed that the Veep likes to shift responsibility regarding the country's economic woes.
In a tweet on Monday, he added that based on his assessment of Ghana's inflation, the country's economic challenges are likely to take a further decline.
"When it comes to the source of Ghana’s economic problems, VP Bawumia plays the BLAME GAME. You know, it wasn’t me, it was the guy behind the tree.
"Today, I measure GHA's inflation at 80%/yr. Without a currency board, GHA is going down the tubes", he wrote.
When it comes to the source of Ghana’s economic problems, VP Bawumia plays the BLAME GAME. You know, it wasn’t me, it was the guy behind the tree. Today, I measure GHA's inflation at 80%/yr. Without a currency board, GHA is going down the tubes.https://t.co/GCuAxdJvZF
— Steve Hanke (@steve_hanke) August 22, 2022
Professor Hanke's comments add to the scores of public resentments against the Vice President, over Ghana's economic misfortunes.
Currently, Ghana is reeling under severe economic pressure, with the country's currency, the Ghana Cedi, constantly depreciating against the dollar.
At the moment, the value of the Cedi is pegged at ¢10 notes to a dollar.
This, according to a section of the populace is a result of government's mismanagement of the economy, with Dr Mahamudu Bawumia as the head of the country's economic management team.
Meanwhile, government has assured its commitment to helping build a more resilient economy, despite the present challenges.
Speaking at the 12th Biennial Conference of the Methodist Church of Ghana at Winneba in the Central Region, the President, Nana Akufo-Addo said government will continue to push through its programmes despite the present difficulties.
The President also added he will continue to look up to God, in placing the economy on a better footing.
"I will continue to have abiding faith in God to help turn the fortunes of the nation around together with appropriate policies, determination and hard work, and I urge all to have same beliefs that the fortunes of Ghana under the Presidency of Nana Akufo-Addo will be restored, the battle is the Lord’s”, Akufo-Addo indicated.
Latest Stories
-
Kejetia traders worried over recent market fires
44 seconds -
Dr. Ben Abdallah hails Nana Asaase’s poetry prowess
9 minutes -
Profile of Ghana’s next Finance Minister, Dr Cassiel Ato Forson
17 minutes -
Mahama risked his life to lure Burkina Faso’s military leader to accept civilian gov’t – Security analyst
17 minutes -
Ato Forson for Finance Minister, Jinapor for Energy, Dominic Ayine for Attorney General in Mahama’s first ministerial nominations
31 minutes -
‘Food shortages in SHSs due to suppliers’ fear of losing contracts’
46 minutes -
Set up large commercial farms in Afram Plains to ensure food security – Prof. Asuming advises John Mahama
60 minutes -
Prof. Aning calls for stronger protocols following visit of Burkinabe President to Mahama’s inauguration
1 hour -
Kwame Adinkrah writes: President Mahama’s statement beyond fashion
2 hours -
Republic Bank Ghana partners Liberia Bank of Development to develop mortgage schemes
2 hours -
Government to borrow GH¢200bn in 2025; fixed income market to bounce back strongly
4 hours -
West Ham confirm Graham Potter as new manager
4 hours -
The nation’s greatest enemy is gone – Kumchacha says of Akufo-Addo
4 hours -
Ghana is 2nd most indebted African country to IMF in terms of Concessional Lending
4 hours -
Today’s Front pages :Thursday, January 9,2025
4 hours