reuben anane MBA @ReubenAnane
Kwame Nkrumah University of Science and technology Kumasi, Ghana Joined May 2013-
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Dr. Mahamudu Bawumia continues to parade himself as an economist after abandoning the very discipline he once claimed to uphold. What a disappointment! Tweakai
THE HYPOCRISY OF A POLITICAL ECONOMIST: FROM DATA-DRIVEN CRITIQUES TO POCKET RHETORIC When a political figure who built his entire reputation on economic lectures and once boldly promised to confront opponents with data now urges us to abandon statistics
that such a reckless statement comes not from a political philosopher, but from a trained economist. Must economic principles always be sacrificed on the altar of politics? It is truly bewildering how Dr. Mahamudu Bawumia continues to parade himself
Now, he asks the public to ignore economic statistics simply because they expose his ineptitude and shortcomings during his tenure. At its core, economics and finance cannot exist without data. It is not only deeply concerning but genuinely shameful
Yet, under his leadership, the government’s inability to meet its debt obligations forced an entire generation of students and practitioners to unlearn this fundamental rule.
the exchange rate and focus instead on a vague "pocket economy" that finds no backing in serious economic literature. As finance students, we were taught that government securities were virtually risk free that when a government owes you, it will always pay.
fundamentals by tying them almost exclusively to the local currency's value, famously declaring, "When the fundamentals are weak, the exchange rate will expose you." Today, that very same individual asks us to dismiss all economic indicators including his former favourite,
altogether, we are given a textbook example of political hypocrisy. We are suddenly told to ignore empirical data and focus solely on our "pockets" regardless of what is actually in them. This is the same man who once oversimplified complex macroeconomic
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