Opinions of Tuesday, 8 October 2024

Columnist: Kwaku Badu

There is no doubt that Bawumia has performed exceedingly better than Mahama

Mahama and Bawumia Mahama and Bawumia

While it is true that Mahama has had the opportunity to steer the country in the right direction as a president and woefully failed to do so, Bawumia has never been president before, a fact acknowledged by Mahama in 2016.

If you may remember, prior to the 2016 general elections, former President Mahama openly admonished the then NPP running mate, Dr Bawumia to cease criticising him(Mahama) because he(Bawumia) has never been president before(emphasis mine).

Mahama indeed stated the obvious: Bawumia has never been president before, he is the vice president.

I have always maintained that the past is full of melancholy, rancour, and as bitter as being kept in darkness for well over four years, and therefore it is important to look ahead, march on, and never look back.

As a vice president, Bawumia dutifully assisted Akufo-Addo with the implementation of numerous well-received policies and programmes, including the Free SHS.

What is more gratifying though, is before the insidious and ecumenically diffused coronavirus and the Ukraine/Russia intractable conflict, Bawumia estimably assisted Akufo-Addo to overturn the economic mess left by the Mahama administration.

Take, for example, the late Mills left Mahama with an auspicious economic growth of 14% and the former president dragged it to a meagre 3.4% in 2016, while Bawumia raised it to 8.6% within a short space of time.

The late Mills raised agricultural growth to 7.5%, and Mahama reversed it to 3.0%, while Bawumia dutifully raised it to 8.4%, the late Mills single digit inflation was perfunctorily raised to 15.4%, while Bawumia recorded an inflation of 7.5% before the insidious corona virus and the Ukraine/Russia protracted impasse.

The late Mills left Mahama with a propitious GDP of GH47Billion but Mahama dragged it to GH40billion in the absence of the ecumenically diffused coronavirus or Ukraine/Russia intractable conflict.

Regrettably, Mahama messed-up the late Mills favourable growth in the Industry sector, but the Akufo-Addo/Bawumia administration, before the unspeakable coronavirus, recorded the highest growth rate of 16.7 % in the Industry sector.

The Industry sector, the highest-growing sector with a GDP share of 25.5 percent, had its growth rate increasing from -0.5 percent in 2016 to 16.7 percent in 2017 (GSS, 2018).

Unsurprisingly, prior to the 2020 general elections, the reputable Economist Intelligence Unit (EIU) reported that the governing New Patriotic Party (NPP) was going to retain power (see: ‘2020 election is yours to lose-EIU predicts NPP victory’; myjoyonline.com/ghanaweb.com, 15/09/2019).

The Economist Intelligence Unit (EIU) report concluded that former President John Dramani Mahama was going to find it extremely difficult to convince discerning Ghanaians into accepting that he is the preferable manager of Ghana’s economy, given the country’s fairly strong economic growth under Akufo-Addo/Bawumia administration before the pernicious coronavirus.

Ghana’s economy received thumbs-up from the likes of the then Director of the International Monetary Fund (IMF), Ms Christine Lagarde, the United Nations Special Rapporteur on extreme poverty and human rights, Philip Alston, and other reputable international organisations, who had earlier commended the Akufo-Addo/Bawumia administration on its excellent economic performance in the two and half years in office.

In 2017, the Bloomberg News, for example, predicted Ghana to become “Africa’s fastest-growing economy in 2018 “and Ghana was proclaimed “Star of Africa in 2018 Lenders’ Economic Forecasts”.

In reporting on the same fiscal policy achievements, Le Monde pointed out that “Ghana’s economic success is not just as the result of an oil-driven boom, but is also due to prudent economic management, an entrepreneurial population, the role of traditional leaders, and good governance.”

The then Director of the International Monetary Fund (IMF), Ms Christine Lagarde’s observed that the Ghanaian economy, before the insidious coronavirus, was in a better place than it was in the previous years under the John Dramani Mahama administration.

Ms Lagarde opined that the Akufo-Addo/Bawumia administration made important gains towards macroeconomic stability, including inflation, which declined to a single digit and within the Bank of Ghana’s (BoG’s) tolerance band; buoyant growth, averaging about five per cent in 2018, and, over six per cent in 2017-18) and a primary surplus in 2017 for the first time in 15 years (IMF 2018).

The Special Rapporteur on extreme poverty and human rights, Philip Alston, observed: “Ghana met the targets for halving extreme poverty and halving the proportion of people without access to safe drinking water, and it achieved the goals relating to universal primary education and gender parity in primary school.

The ace journalist, Kweku Baako hit the nail on the head when he pointed out on Joy FM’s political show (News File) on Saturday 6/04/2019 that the NPP administration led by President Akufo-Addo has performed exceedingly better than the erstwhile NDC government led by former President Mahama.

Aptly comparing the state of the economy in first two years of the two administrations, Kweku Baako poignantly concluded that the economy is in a better shape under the Akufo-Addo/Bawumia administration than it was under the Mahama administration.

Baako, therefore, asserted poignantly: “There’s no doubt that the Akufo-Addo/Bawumia administration has done far better than the Mahama administration; it’s as simple as that, the figures and the records support it (myjoyonline.com, 6/04/2019).”

Sometime in 2019, a video clip went vile, purported to be that of a forum, organised by the leadership of the opposition NDC, showing a guest speaker, a Nigerian scholar, candidly commending the Akufo-Addo/Bawumia administration on Ghana’s favourable economic growth before the deadly coronavirus, obviously, to the utter chagrin of his hosts (the NDC Executives), many of whom were befuddled on the guest speaker’s unbelievable intellectual honesty.

The overarching question then is: Did the NDC loyalists really trust the judgement of the said knowledgeable and largely credible Nigerian academic?

Well, I am pretty sure they did; else they would not have invited him to speak on Ghana’s economy at their special gathering.

Interestingly, preceding the honest and erudite Nigerian’s endorsement of Ghana’s well-publicised propitious economic growth, were praises from some credible international organisations and influential people, both home and abroad.

But despite the reputable organisations and other prominent people’s positive remarks on Ghana’s economy back then, the naysayers were never inspired. But were we really surprised? No, after all, hasn’t it written: ‘no prophet is accepted in his homeland’?

Back then, I humbly questioned the judgement of those who were proclaiming somewhat spuriously that Ghana’s economy under former President Mahama (3.4% growth and 15.4% inflation) was better than Akufo-Addo/Bawumia record before the insidious coronavirus (8.6% growth and 7.5% inflation).

K. Badu, UK.

k.badu2011@gmail.com