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Election 2024: Why is 17 cedis to a dollar? Mahama fires five questions to Bawumia

Shadrack Koomson by Shadrack Koomson
October 30, 2024
in Politics
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Election 2024: Why is 17 cedis to a dollar? Mahama fires five questions to Bawumia

John Dramani Mahama, the National Democratic Congress (NDC) flagbearer, has taken a bold step by posing five critical questions to Vice President Dr. Mahamudu Bawumia, who is also the New Patriotic Party (NPP) presidential candidate for the 2024 elections.
These questions zero in on Ghana’s most pressing economic challenges, seeking to hold Dr. Bawumia accountable for his actions as Vice President.

Mahama’s inquiry draws a parallel with Dr. Bawumia’s past actions, specifically recalling how he posed 170 questions to then-Vice President Paa Kwasi Amissah-Arthur regarding the state of the economy.
Now, Mahama urges Dr. Bawumia to demonstrate similar transparency and accountability by addressing these pressing economic issues.

The five questions posed by Mahama focus on critical areas of economic concern, including the exchange rate, national debt, inflation, government borrowing practices, and Dr. Bawumia’s recent shift in focus from economic management to digitalization.

Mahama’s first question addresses the exchange rate, asking why it has risen to GH¢17 to the dollar.
This concern is at the forefront of many Ghanaians’ minds, as a high exchange rate can have far-reaching implications for businesses and individuals alike.

The second question delves into Ghana’s rising national debt, which has ballooned from GH¢120 billion to GH¢767 billion in just eight years. Mahama seeks clarification on the factors contributing to this significant increase and how it will be managed.

The third question tackles the issue of soaring inflation, which reached 54% under Dr. Bawumia’s administration for eight years.
Mahama requests an explanation for this trend and how it has affected the average Ghanaian.

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Mahama’s fourth question examines the government’s borrowing practices, specifically the decision to borrow GH¢42 billion from the Bank of Ghana.
He seeks transparency on the rationale behind this move and its implications for Ghana’s economic stability.

The fifth and final question addresses Dr. Bawumia’s noticeable shift in focus from economic management to digitalization. Mahama notes that Dr. Bawumia previously lectured extensively on economic management but now avoids discussing the economy, instead emphasizing digitalization.

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By posing these questions, Mahama aims to spark a critical conversation about Ghana’s economic challenges and hold Dr. Bawumia accountable for his actions as Vice President. This exchange underscores the intensity of the 2024 election campaign, with economic management emerging as a pivotal issue.

As the election season unfolds, Ghanaians will be watching closely to see how Dr. Bawumia responds to Mahama’s questions.

The nation expects comprehensive and nuanced discussions of critical issues, and this exchange has the potential to provide exactly that. Will Dr. Bawumia provide clear explanations for Ghana’s economic challenges, or will he continue to sidestep these pressing concerns?

The answers to these questions will undoubtedly shape the trajectory of the election campaign and influence the decisions of Ghanaian voters.

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Tags: BawumiaElection 2024MahamaNDCNPPpresidential candidates
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