We’re Tired Of Your Lectures; Just Stop – Kwesi Pratt To Bawumia

Veteran journalist and Managing Editor of The Insight newspaper, Kwesi Pratt Jnr., has strongly criticized former Vice President Dr. Mahamudu Bawumia, urging him to stop delivering economic lectures, as Ghanaians have grown weary of them.

Speaking on Good Morning Ghana, Mr. Pratt pointed out that during Dr. Bawumia’s tenure, the value of the Ghanaian cedi depreciated significantly—from GHS 3.40 to a dollar to over GHS 16 to a dollar.

“Are you sure it’s Dr. Mahamudu Bawumia who is speaking and saying these things? Under his watch, the cedi moved from 3.40 to 16 to a dollar. Does he really know how to revive the cedi?” Pratt asked.

“He sat in power for eight years. Eight long years. By the end of that period, the cedi was trading at 17 to the dollar. What right does he have to lecture us on how to manage the cedi?”

Mr. Pratt continued, “Given his track record, what authority does he have to be giving us lectures? What do these politicians take us for? He’s talking about how to stabilize the cedi after that kind of performance? I can’t believe it.”

He also recalled a previous comment made by Dr. Bawumia during the early days of the NPP government, where he claimed to have “arrested the cedi” and handed the keys to the IGP. “Can you take people like this seriously?” Pratt questioned. “He should stop these lectures. We are fed up.”

Pratt’s remarks come in response to recent comments made by Dr. Bawumia during an interaction with the Young Executive Forum (YEF) in London, where he claimed the recent appreciation of the cedi cannot be attributed to any NDC policy, as they only passed their budget in March and haven’t yet executed any major economic initiatives.

“There’s no implemented policy that has had this impact,” Bawumia said.

He also highlighted the government’s strategy to leverage Ghana’s gold reserves to strengthen the economy, saying, “When we faced challenges in 2022, I noted that while Ghana is the largest gold producer in Africa, our reserves were only 8.7 tons compared to the US with over 8,000 tons, and the UK and France with over 2,000 tons each.”

He emphasized that building gold reserves boosts confidence in the local currency. “You don’t need to export to get gold—you just dig it or buy it with cedis. It’s a much easier way to build reserves,” he explained.

What right does Bawumia have to lecture us on the cedi? – Kwesi Pratt fumes #GoodMorningGhana #MetroTV pic.twitter.com/0MUfr14IRU

— Metro TV Ghana (@metrotvgh) May 21, 2025

Source: Nkonkonsa.com