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Ghanaian Politics

NDC’s Adongo to tackle Bawumia on economic data today

By : Kofi Kafui Sampson on 04 Apr 2019, 07:42

Isaac Adongo

Former President John Mahama will today (Thursday, April 4) be the Guest of Honour for a public lecture to review the economy before, during and after the International Monetary Fund (IMF) programme.

The lecture, which will take place at the Mensvic Hotel at East Legon in Accra, is to be addressed by the NDC Member of Parliament for Bolgatanta Central constituency and financial analyst, Mr Isaac Adongo.

The lecture comes a day after the Economic Management Team of the NPP administration, superintended by the Vice President Dr. Mahamudu Bawumia, held a what was dubbed a Town Hall Meeting to explain the recent challenges plaguing the economy. Mr. Adongo, presentation expected to directly address some of the issues raised by Dr. Bawumia in his address on Wednesday.

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Mr. Adongo’s lecture, which is being organised by the Coalition For Restoration (CFR), a pressure group affiliated to the National Democratic Congress, is under the theme ‘Ghana’s rising fiscal risks, financial crunch and external vulnerabilities: A post-mortem of the Extended Credit Facility (ECF) Programme and a preview of the economy without the International Monetary Fund (IMF).’

It is to be chaired by Mrs Betty Mould Iddrisu, former Attorney General and Minister of Justice, with the former president as guest of honour.

A statement signed by Mr Gyasi Mensah, a member of the CFR, explained that “the lecture will be a post-mortem of Ghana’s four-year Extended Credit Facility Programme (ECF) with the International Monetary Fund (IMF) and a preview of the economy after the IMF has finally exited.”

It said, over the years, Mr Adongo has sufficiently acquitted himself in the subject area “by serving as one of the most credible and alternative voices on the economy to the government’s one-sided positions on issues of finance and economics.”

“It is expected that the lecture will provide Hon Adongo another platform to sufficiently deal with trending issues such as the cedi depreciation, the issuance of a $3 billion Eurobond, the exit from IMF and the general state of the economy after two years of the Nana Akufo-Addo and Bawumia administration.”