I joined politics mainly to implement BoG policies - Bawumia

I joined politics mainly to implement BoG policies - Bawumia

- Dr. Bawumia has given an account of how he got into the political limelight while working as the Second Deputy Governor of the Bank of Ghana

- According to him, his invitation into politics was an opportunity to implement policies of the Central Bank

- Dr. Bawumia partnered then-candidate Nana Addo Dankwa Akufo-Addo in 2008, 2012 and 2016 elections on the ticket of the New Patriotic Party (NPP)

Vice President Dr. Mahamudu Bawumia has disclosed that he joined politics with a secret agenda to implement certain policies in the Bank of Ghana (BoG).

According to him, he got into politics mainly to get politicians to buy into the research works of technocrats.

Dr. Bawumia made the revelation during a conference on Monitoring and Evaluation at the University of Ghana.

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He said he initially felt reluctant to get into politics, but later changed his mind and teamed up with Nana Akufo-Addo prior to the 2008 general elections.

I was a bit hesitant and my initial answer was no I won’t get into politics,” the economist said.

The former Deputy Bank of Ghana Governor said although they regularly conducted a lot of research at the BoG on monetary policies and consequently take monetary decisions, they “knew that in the wider economy, the politician has the biggest impact on policy.”

He explained that “we could do a lot of research and give recommendations but they will not be implemented.”

The Vice President said his boss, Paul Acquah, the Governor of the Central Bank at the time, talked him into politics so that he can personally effect the change he wanted.

He narrated that Mr Acquah told him that “our problems really are the politicians, so I think you should get in there. If you succeed, you will help us change things and implement some or all of these policies that we have been recommending.”

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Dr. Bawumia eventually became vice president after the NPP’s flagbearer Akufo-Addo won the 2016 general elections.

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Source: Yen

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