Dr Bawumia on borrowingEver since the current NPP government took over the reins of this country, one issue that has been the bone of contention in the political discourse is whether the government promised to borrow or not.

Members of the opposition National Democratic Congress(NDC) led by the minority in Parliament have sought to discredit the credibility of Dr Mahamudu Bawumia in relation to borrowing.

They maintain and quote Dr Mahamudu Bawumia in opposition as saying that an NPP government will not to borrow to fund its policies and projects.

“I worked at the Bank of Ghana and so I know that Ghana is rich. It is because the managers of the economy are incompetent and so all what they think of borrowing. The NPP if voted will harness resources to develop Ghana. I am telling you we can develop Ghana without borrowing, the money is here.”

But the NPP has discredited the said quote that has been attributed to the Vice President and dared the NDC to provide a more credible prove.

Seasoned journalist, Abdul-Malik Kweku Baako has also come to rescue of Dr Mahamudu Bawumia by revealing that the then-vice presidential candidate never made those comments.

“Take it from me, I don’t think Dr. Bawumia ever made such comments. This tweet could not have come from him because it is practically impossible for any administration not to do a bit of borrowing. This tweet Suhuyini is quoting from is of doubtful validity.”

The issue still lingers on and not even a statement from the Vice President’s office denying the statement has settled the matter as communicators of both political parties are still on each other’s throat.

But what did Dr Bawumia really say on borrowing in the run up to the 2016 general elections?

Your authoritative Ghanaxtra.com has gone into the archives and laid hands on an interview Dr Bawumia had with Citi FM’s Bernard Koku-Avle on the Citi CBS on borrowing.

Bernard Avle: Okay let me be specific on debt, when you come to office or if you come to office are you saying that you are going to stop borrowing completely?

Dr Bawumia: No I think that eer, nobody has said that. Bernard this government has borrowed recklessly and we haven’t see much for what they have borrowed. You know they ‘ve increased the debt from 9.5 billion to over 111 billion in just over 7 years, it doesn’t make sense. You are going to get resources, grow the economy and formalise the economy and you will get a lot of tax revenue you want. I mean so we are going to focus on putting in incentives to grow this economy, formalise this economy and borrowing will have to be done on a sustainable basis…

You can listen to the audio below to clear the doubt…



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