The presentation of Bawumia City Hall is misleading – Adongo

General News on Thursday, April 4, 2019

Source: Graphic.com.gh

2019-04-04

Bolgatanga Central MP Isaac Adongo said the economic principles of Vice President Dr. Mahamudu Bawumia differed from those of Adams Smith, the world's leading father of the economy.

Using the hometown of Vice President, Walewale, to describe it, Mr. Adongo nicknamed him "Walewale Adams Smith" at a presentation at the National Democratic Opposition's public conference on the opposition. on Ghana's economy in Accra on Thursday, April 4, 2019.

In his view, the Vice-President's interpretation and badysis of the Ghanaian economy departs from the basic economic principles enunciated by Adams Smith and emphasizes that the presentation of Dr. Bawumia's public meeting Wednesday was accompanied by lies and lies.

"While I was listening to the Vice President yesterday with the jubilant importers after the announcement, just like the first budget presented to Parliament when they took power, I figured it was the second trick that would hang the NPP forever, "said Adongo. I said.

Dr. Mahamudu Bawumia, Wednesday, April 3, 2019, at a first public meeting organized by the government's economic management team, said the worst performance of the current administration was better than that of the former government of the National Democratic Congress.

USD 1.62 billion of USD 3 billion Eurobonds will be consumed by 'family and friends' – Adongo
Adongo said some of the $ 3 billion raised by the government from recently issued Eurobonds would end up with "family and friends".

Mr. Adongo, a member of Parliament's Finance Committee, is concerned that Ghana has gone through a period of borrowing to ensure the future of the younger generation at one time loan for consumption.

He pointed out that, "If you take 2019, the $ 3 billion borrowed, $ 2 billion is for the budget. Only $ 390 million will be spent on capital expenditures. $ 1.61 billion will go to family and friends, you know it. "

Mr. Adongo also said: "In 2018, we have [Ghana] went to borrow $ 750 million [but] we spent only $ 119 million on capital expenditures; $ 631 million, we spent on consumption. Our children will have to come and pay for it and they [the government] have nothing to show ".