Photos from Mahamudu Bawumia's lecture
Dr Mahamudu Bawumia, the running mate of the opposition New Patriotic Party (NPP), ruffled feathers on Thursday when he delivered a lecture on "The state of the Ghanaian economy: A foundation of concrete or straw".
The event was attended by several NPP bigwigs, including former President John Agyekum Kufour and NPP flagbearer, Nana Akufo-Addo.
![Photos from Mahamudu Bawumia's lecture Photos from Mahamudu Bawumia's lecture](https://cdn.yen.com.gh/images/1120/3o3bpd2gf22ohk6ur.jpeg?v=1)
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Dr Bawumia painted a bleak picture of the economy in his speech at the National Theatre on Accra.
![Photos from Mahamudu Bawumia's lecture Photos from Mahamudu Bawumia's lecture](https://cdn.yen.com.gh/images/1120/3o3bpd1tke0im2ams.jpeg?v=1)
![Photos from Mahamudu Bawumia's lecture Photos from Mahamudu Bawumia's lecture](https://cdn.yen.com.gh/images/1120/3o3bpd1dd07ggpqt6g.jpeg?v=1)
The former Bank of Ghana governor said the economy had been mismanaged under the leadership of John Mahama.
![Photos from Mahamudu Bawumia's lecture Photos from Mahamudu Bawumia's lecture](https://cdn.yen.com.gh/images/1120/3o3bpd7btovr1asnl.jpeg?v=1)
![Photos from Mahamudu Bawumia's lecture Photos from Mahamudu Bawumia's lecture](https://cdn.yen.com.gh/images/1120/3o3bpd70gnld7hb4r.jpeg?v=1)
![Photos from Mahamudu Bawumia's lecture Photos from Mahamudu Bawumia's lecture](https://cdn.yen.com.gh/images/1120/3o3bpdp0eqgo24h5k.jpeg?v=1)
Dr Bawumia said Ghana’s debt to GDP ratio has increased from 32% in 2008 to 72% as at the end of 2015 while the cedi has depreciated from GH¢1.2 to the dollar in 2009 to GH¢ 3.95.
![Photos from Mahamudu Bawumia's lecture Photos from Mahamudu Bawumia's lecture](https://cdn.yen.com.gh/images/1120/3o3bpd3ven1odqr8q.jpeg?v=1)
![Photos from Mahamudu Bawumia's lecture Photos from Mahamudu Bawumia's lecture](https://cdn.yen.com.gh/images/1120/3o3bpd4758kj7d1hb.jpeg?v=1)
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He said the government had borrowed $39 billion dollars in the last eight years with nothing to show for it.
![Photos from Mahamudu Bawumia's lecture Photos from Mahamudu Bawumia's lecture](https://cdn.yen.com.gh/images/1120/3o3bpd4p6d7kng94g.jpeg?v=1)
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Dr Bawumia said Ghana’s minimum wage, in dollar terms, had declined from $2.12 in 2008 to $2.02 in 2016 under President Mahama's leadership.
![Photos from Mahamudu Bawumia's lecture Photos from Mahamudu Bawumia's lecture](https://cdn.yen.com.gh/images/1120/3o3bpd1bbtm86kr92.jpeg?v=1)
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According to him, the NPP increased per capita income by $826 during its term, but the NDC, with twelve times more resources, has increased per capita income by only $215.
![Photos from Mahamudu Bawumia's lecture Photos from Mahamudu Bawumia's lecture](https://cdn.yen.com.gh/images/1120/3o3bpd1bpmt8bqo588.jpeg?v=1)
![Photos from Mahamudu Bawumia's lecture Photos from Mahamudu Bawumia's lecture](https://cdn.yen.com.gh/images/1120/3o3bpd1n061gocq8o.jpeg?v=1)
Dr Bawumia added that late the President Atta Mills' handling of the economy was far better than Mahama's.
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Source: YEN.com.gh