As the Ghanaian cedi shows signs of stability under the new administration, critics are drawing sharp contrasts with the previous government’s handling of the economy—most notably under the stewardship of former Vice President Dr. Mahamudu Bawumia.
Legal practitioner and Acting CEO of the National Petroleum Authority, Godwin Edudzi Tameklo, has challenged Bawumia’s recent dismissal of the National Democratic Congress (NDC)’s role in the cedi’s recovery.
Speaking on TV3’s KeyPoints, Tameklo did not mince words: “You are known to be an economist; your boss Nana Akufo-Addo told us he is bringing you to come and give strength to the Cedi. What happened? You left at the point where the cedi rose to GHC17, inflation at a point went to 57%, this is your scorecard.”
Tameklo questioned Bawumia’s moral authority to critique the current government’s performance, especially in monetary matters.
According to him, “When you have that kind of scorecard, what you do is to be sober and not to immediately put on a different cloth and begin to pontificate exoteric economic theories immediately.”
The remarks come on the back of Bawumia’s speech to the Young Executive Forum in London during his Thank You Tour, where he claimed the NDC has implemented no tangible policy that could be credited with the cedi’s recent gains. “They cannot tell you one that has been implemented,” Bawumia insisted.
Tameklo, however, says Bawumia’s current approach is out of touch with the economic realities Ghanaians endured under his leadership, warning that “he should permanently keep quiet and allow Ato Forson, the Governor of the Bank of Ghana, to work the economy.”
