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Friday 19 January 2018


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[N] E/R: Driver, 19, Jailed 8 Years For Kidnapping And Defiling Girl, 13
[N] Special Prosecutor could wait till 2019 if parliament misses 2017 passage   
[N] Petroleum Revenue Mgt. Act breached for 7-yrs running – PIAC
[N] CEDTAG Strike action leaves colleges of education deserted
[N] Nduom is not presidential material -Maurice Ampaw
[N] Police blame Kasoa violent attacks on under-staffing


[N] GMA indicts gov't for failing to employ medical doctors
[N] Ministers are not allowed to use sirens; Police order immediate removal
[N] Stay focused and deal with your controversies – Nana Addo to Zoomlion Boss
[N] We will face criminals boot for boots with ‘Father Xmas’ Operation -Ken Yeboah
[N] Step aside – Group to NDC Chairmen
[N] School Feeding Coordinators Trade Insults Over Naabu & Otiko
[N] Major Mahama bill passed


[N] Free SHS: Ablakwa Donates Furniture to Schools
[N] Girls with excessive make ups may have ovary tumour – doctor
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[N] Consider our request to contest 2020 polls -NDC Chairmen to Mahama
[N] Colleges of Education still closed as talks over arrears fail  
[N] Economic policies paying off - Prez
[N] Cancer disfigures head of 2-year old, sticks mother with ¢12,000 bill
[N] There is corruption in police service- COP Ken Yeboah
[N] 3 arrested in Kumasi for robbing, raping victims


[N] Help Gov’t to achieve its revenue targets -Nana Addo to GHAPOHA
[N] NPA to close down 35 more high-risk LPG stations nationwide
[N] Uber adds Paid Wait Time; additional features for driver-partners
[N] ‘Bawumia is only confident, he knows nothing’- Minority
[N] A/R: Queen mothers grateful to 1st lady for KATH mother & baby unit
[N] If our bond was issued at 20% it would have been oversubscribed- Kwarteng hits b
[N] Tiger Eye F’dation Partners Klarity To Fight Corruption
[N] AG’s application against Indian businessman dismissed again


[N] Bawumia behaving like a ‘heartless’ serial caller – Ofosu Kwakye
[B] 2018 budget to improve domestic revenue collection
[N] 24,377 cattle, 225 owners registered in Kwahu
[N] New agency inaugurated to boost revenue collection in oil and gas sector
[B] New Drivers’ License to be launched today
[N] Tell the true African stories through your writings – Nana Addo to PAWA
[B] Investor uncertainty, others impacted energy bond  


[N] Sack Freddie Blay for defending Ayisi Boateng – Alhaji Sani
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General News

[ 2017-11-08 ]

‘Bawumia is only confident, he knows nothing’- Minority
National Democratic Congress (NDC) Member of
Parliament for Bolgatanga Central, Isaac Adongo,
has said that despite the eloquent demeanor
often displayed by economist Dr. Mahamudu Bawumia
when he speaks, the Vice President actually “knows
nothing about the economy.”

Speaking at a press conference organised by the
Minority in Parliament today [Wednesday], Isaac
Adongo accused the Vice President of consistently
peddling falsehood, but the confident way in which
he speaks had convinced Ghanaians to accept his
“lies” about the state of the economy.

“Bawumia has never understood the economy of
Ghana. He has always lied about the economy of
Ghana. He said that our debt was about 36 billion
and would end at 40 billion dollars. When he came
with his budget, he said it was around 26 billion.
How did John Mahama miraculously find 14 billion
dollars to pay down the debt in three months
before we left office? He took the people of Ghana
for a ride,” he said.

“The reality is that, he knows nothing but he’s so
confident and eloquent that he can confuse all of
you. The reality is that he’s now managing the
economy and must walk the talk. But with this
bond, I doubt they will attempt the four billion
again because they will not get a third rematch
because the investors are already away from it.”

His comments come on the back of recent failed
attempts by the government to meet its target for
the first tranche of the energy bond.
The managers of the bond sought to raise 6 billion
cedis under two separate bonds, but accrued a
total of 4.6 billion cedis after it closed the

The 7-year bond received the targeted 2.4 billion
cedis, whilst the 10-year bond accrued about 2.2
billion cedis, below the target of 3.6 billion

Several critics have described this development as
a failure by the government, and a sign of the
declining confidence of investors, whilst the
government hailed the bond as relatively

According to Adongo, the recent failed attempts by
the government to meet its target for the first
tranche of the energy bond, was an indication of
the inability of the Economic management team, led
by the Vice President, to manage the economy

Isaac Adongo described the team as “over-hyped”
and stated that Dr. Bawumia’s “eloquence” had
convinced Ghanaians to accept his “lies” about the
state of the economy.

“They rode on the back of the confidence of the
economy that the NDC left, to raise a bond of
$2.25 billion in four hours. What has now happened
that in one month, they still can’t raise it? They
are destroying the fundamentals that we developed
for them. When they were in their honeymoon period
and were taking credit we told them to wait and
that their time would come. Their time has come
and we have been embarrassed,” he said.

He claimed that the balance sheet of ESLA PLC
after raising the bond was -$3.6 billion, and that
no investor would put their money in such a

“It’s only under the best economist that the world
has ever produced, Dr. Mahamudu Bawumia,” Isaac
Adongo added sarcastically.

Source -

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