The MP for Bolgatanga Central, Isaac Adongo has taken a swipe at the government for failing to raise enough revenue from the local bond market.
Mr. Adongo was responding to an earlier post by the Vice President, Dr. Mahamudu Bawumia. His comments chided the government over its lacklustre performance in managing the economy.
The MP took to his Facebook page to express his frustration.
“Back home in Ghana, you couldn’t borrow Ghc2 billion on a 3-year bond rollover on the same capital market. You got just a paltry Ghc470milli0n [$58million] Why? Stop talking about abstract things with useless big English. What’s the use of integrating your liquidity dry capital markets with others to create a big capital mess.”
“Having an attractive economy is more important to investors than the integration of dysfunctional capital markets. Rating agencies say your issuer rating is the worse in Africa and you are talking empty big English to lure others to infest them with your Caa1.
You are a curse to the credibility of the political class in Ghana,” he wrote.
His comments came on the back of earlier comments made on the official Facebook page of the Vice President, Dr. Mahamudu Bawumia.
Source: A1radioonline.com|101.1MHz|Mark Kwasi Ahumah Smith|Ghana