General News of Wednesday, 7 September 2016
Source: New Crusading Guide
Dr. Mahamudu Bawumia
All is set for the much awaited Public Lecture on the State of the Ghanaian Economy by Dr. Mahamudu Bawumia, renowned Economist and NPP Vice-Presidential candidate, tomorrow at 4pm at the Accra International Conference Centre.
The Lecture will see former President of the Republic, John Agyekum Kufuor, chairing the event which is expected to attract thousands of Ghanaians from various walks of life, the diplomatic mission and representatives of various local and international institutions.
Dr. Mahamudu Bawumia has become famous for his lectures which in recent years have gained prominence for foretelling economic occurrences ahead of time and for its in-depth analysis and revelations of policies and economic indicators.
The Lectures have often also attracted vitriolic attacks from members of the government who have often rubbished the analysis and heaped varied degrees of insults on the former Deputy Governor of the Bank of Ghana and eventually refusing to eat humble pies when the predictions and analysis are vindicated or endorsed by various institutions.
Dr. Mahamudu Bawumia famously predicted Ghana’s Bailout programme months ahead, when after a rigorous analysis of the state of the Economic fundamentals, he noted that if the government didn’t take immediate action, Ghana will have no choice than to go to the IMF for a bailout.
Speaking at the Central University in March 2014, he stated “I would like to repeat without exaggeration that the Ghanaian economy is in a crisis. It is time for serious action. If government does not take the right decisions and soon, then Ghana would likely have to approach the IMF for a bail out before the end of the year. At the end of the day, the obvious lesson is that, we cannot run away from fiscal and monetary discipline no matter how hard we try.”