[ 2016-11-14 ]

What is destroying this economy is incompetence and corruption – Bawumia
Dr. Mahamudu Bawumia, Running Mate to Nana
Akufo-Addo, has debunked the claim made by
Vice-President Amissah-Arthur that restoring the
Teacher and Nursing Training Allowances will
collapse the economy and explained that what is
destroying the Ghanaian economy is the
Incompetence, Mismanagement and Corruption of the
NDC government.

Dr.Bawumia also noted the clear confusion between
President Mahama and his Vice-President and the
several inconsistencies in the government’s
stance over the Teacher and Nursing Training
Allowances.

Speaking at the Nalerigu Nurses Training College,
Dr.Bawumia expressed shock at the constant
contradictions of government officials on the
allowances, saying “in government, we will
expose the incompetence of this NDC
administration. There is nowhere where they have
demonstrated as much incompetence as in the area
of the Teacher and Nursing Training Allowances.
They have demonstrated monumental
incompetence.”

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“Today, you do not really know what the policy
of the NDC is as far as the issue of Training
Allowances is concerned. First, they said they
have cancelled the allowances, and as the election
was getting close, they said they are going to
restore the allowances. And there is now a clear
conflict between the President and Vice-President
over their policy on Nursing Training
Allowances”, he pointed out.

Responding to the claim made by the Vice-President
on the same campus barely a week ago, Dr.Bawumia
noted that the comment by the current Head of the
Economic Management Team suggests that handlers of
the economy still do not understand how this
economy works and how to handle it.

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“So when the Vice-President came here and said
that the allowances will destroy this economy, it
simply means they do not understand the economy.
What is destroying the economy is mismanagement,
incompetence and corruption; that is what is
destroying this economy”, he said.

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Free Lesson to Amissah-Arthur and Government

Providing what he termed as a free lesson for the
handlers of the economy, Dr.Bawumia explained that
Ghana’s current economic challenges, which had
led to the cuts in among others the allowances,
were down to the mismanagement and unbridled
borrowing which had seen a skyrocketing of
Ghana’s interest payments.

“Let me give the NDC and the Vice-President a
free lesson in economic management. The interest
payments under the NPP before we left office was
less than 700million Ghana cedis, under the NDC,
in just 8 years, it has jumped to 10.5 billion
Ghana cedis. If you look at the Teacher and
Nursing Trainee Allowances as a percentage of
Ghana’s total income, the Training Allowances
are 0.1% of our total income. If you look at our
Interest Payments, it is 6.5% of GDP; that means
that Interest Payments every year is 65 times the
Training Allowances,” he stated.

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Amidst cheers of “we need change, we need
change” by the hundreds of trainee nurses
gathered, Dr.Bawumia explained that the numbers
indicate that thanks to the NDC’s incompetence
and mismanagement of the Ghanaian economy, a
year’s interest payments can pay 65 years of
Teacher and Nursing Training Allowances at the
current levels.

“So one year’s interest payments under the NDC
can pay Training Allowances for 65 years.
Therefore, when they come and say that Teacher and
Nursing Training Allowances will destroy the
economy, it means they don’t understand the
economy”, he reiterated.

Dr.Bawumia is on the 2nd leg of his tour of the
Northern Region. He has so far on this tour
visited the Yunyoo, Bunkpurugu, Nalerigu-Gambaga
and Yagaba-Kubore constituencies.

Source - Kasapafm

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