On May 27, 2024, the 8th Ghana CEO Summit in Accra hosted a lively exchange between former President John Dramani Mahama and Vice President Dr. Mahamudu Bawumia, two of Ghana’s most prominent political figures.
The debate, a highlight of the summit, centered on critical issues affecting the nation’s economy and development. In a stark critique, former President Mahama addressed the summit in person, highlighting the current economic challenges, including a surge in unemployment to 14.7% from 8.5% in 2017, the highest level recorded in the 4th Republic.
Mahama also emphasized the alarming inflation rate above 25% and interest rates ranging between 30 and 50%.
He expressed concern over the deteriorating exchange rate, which has crossed the 15 Ghana Cedi threshold, with no end in sight.
Mahama accused the government of being unconcerned and unwilling to cut expenditures, prioritizing creature comforts over investing in transformational infrastructure.
Vice President Bawumia joined the debate remotely, countering Mahama’s position and highlighting the current administration’s achievements.
He presented a case for the government’s policies, emphasizing strides made in digital transformation, financial inclusion, and infrastructural development.
Bawumia pointed to various social intervention programs, including Free SHS and trainee allowances, which he claimed have positively impacted millions of Ghanaians.
The Ghana CEO Summit brings together business leaders, policymakers, and industry experts to discuss and shape the future of Ghana’s economy.
This year’s summit focused on fostering innovation, driving sustainable growth, and building resilient institutions.
