Vice President, Dr. Mahamudu Bawumia has re-assured Ghanaians that the country is safe under the ledership of President Nana Addo Dankwa Akufo-Addo.
According to him, the Nana Addo-led government will deliver as promised all what they said during their campaign time.
"I can assure Ghanaians that Ghana is in safer hands and we will deliver" he said.
Speaking at a forum organized by Accra-based radio station, Joy FM, the Vice President also noted that government is reprofiling the country's debt as a matter of strategy to enable to the first cedi bond under the Akufo-Addo government is a ‘deal of the year’
He said the country would replace its short-term debt with long-term debt adding the recent bond issued some two weeks ago was part of the reprofiling strategy.
“What is so remarkable about what I call the deal of the year so far is that we have been able to get foreign exchange without increasing our debt stock."
“Many people didn’t understand the transaction and thought that we have gone to borrow $2 billion to add to Ghana’s debt. No! we are actually replacing more expensive debt with less expensive debt and elongating it and making it better for this country" he said.
Dr Bawumia disclosed that in the process of doing that, Ghana has witnessed a massive increase in its foreign exchange reserves.
The former Deputy Governor of the Central Bank also explained that government has created a lot of fiscal debt by capping earmarked funds to 25 percent of government revenue and realigning expenditures to government priorities.
This, he said, is a remarkable reform as budgets from 2011-2015 attempted to do that but never did it.
“We did in our first budget and it created some space for us because we were heading into a ditch. You take wages; interest payments, statutory payment and they exceeded all your revenue.
He said this made it difficult to manage the economy and the capping made that possible.
Being a highly indebted country, there was the need to reprofile Ghana’s public debt, which stands at GH120 billion in 2016.
Source: King Edward Ambrose Washman Addo/Peacefmonline.com/ Twitter: @Washman5/ Instagram: Washman007
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Mahamudu Bawumia NOT YOU SAID, THE NDC LEFT A POOR FINANCIAL RECORD THERE WAS NOTHING IN THE STATE COFFERS. SO WHERE DID HE GET THE MONEY TO PAY FOR ALL THAT HE IS TALKING ABOUT WITHIN THREE MONTHS? HE THINK WE ARE ***barred word*** RIGHT ....Mahamudu Bawumia WATCH OUT NPP ARE USING YOU TO ***barred word*** US.. YOU HAVE TO THINK TWICE MMMMMMM
this man and his party are jokers. what? listening to him makes me sick. is total ***barred word*** listening to the so call 103 achievements.
I THINK THIS IS THE BEST TIME THE NDC SHOULD ALSO HAVE A BAWUMIA IN THAT PARTY TO ADDRESS THE FINANCIAL ISSUES. HE IS THE SAME PERSON WHO SAID THE NDC LEFT A POOR FINANCIAL RECORD THERE WAS NOTHING IN THE COFFERS. SO WHERE DID HE GET THE MONEY TO PAY FOR ALL THAT HE IS TALKING ABOUT WITHIN THREE MONTHS? I THINK BAWUMIA MUST LEARN TO TALK A LITTLE AND WORK. I KNOW THE NDC WILL HAVE SOME HOLES ON BAWUMIAS SPEECH.
Why are you so afraid of Abena's encouragement for tuc to ask for salary increment. Don't you think if we now have a good government in place who have redeemed 103 promises in 100 days then things are alright for salaries to be increased for all of us to enjoy. You are being judge by your own words. You say you've done so much in 100 days so what is wrong if workers ask for salary raise?
Mr Vice, the talking is too much we want action and less talk wai. We are suffering.
Indeed, Ghana is in safer hands. Keep on with the good works.lsalute you,Dr.Bawumia.
Not with npp gangsters lurking everywhere threatening innocent people and the government's mass dismissal of public workers.
Abena or whatever you are not labour agitation shows increment in salaries but good governance and good economy doesn't need increment in salaries when people can buy what they want what is salary increase going to do I know you are one of those parasites,nation wreckers who think everything should be money. If your ndc government couldn't take care of you just wait we shall do that. America hasn't increased salaries for a long time but good governance and good economy has no way for labour agitation,they don't even think of that because your own good credits will buy you a house and a car even with bad credit you can make it so what are you talking about hahahaha! So,it means you are there just to agitate good government then ndc has a long way to go,nation wreckers. Who cares about your agitation?you can go and drink Korle Lagoon if that will bring your bogus party back. We are moving forward no turning back.
Ndc are confused by this who are known terrorists in Ghana apart from the ndc? Ndc who kills Ghanaians and justify their evil murders. Tell me or show me one person that Delta force or Invincible forces killed or maimed? ***barred word****c party whose only thinking is destruction. Those guys were too lenient to have giving ndc space to breath since ndc wouldn't have giving any Ghanaian that peace. So ndc campaign message for 2020 is Delta force and invincible forces then forget about that elections,every Ghanaian knows they are good guys and they didn't do what we the good people of Ghana expected them to do,they should have chased you thi*ves and nation wreckers out of this country . Thank God the special prosecutor is coming for all eyes and ears to see and hear the damage that ndc did to this country. You have mouth to talk in Ghana,ain't you ashamed of yourselves nation wreckers. GOD BLESS THE NPP,GOD BLESS GHANA,GOD DAMN ndc.
Since Ghana is now on the right footing I encourage the tuc and other labor organizations to begin to agitate for salary increments because a lot of gains have been made under the savior nana barwumia government in 100 days. It's just fair to increase salaries since things are now best.