We don’t need Dr. Bawumia to fix our economy – Zimbabwe

Zimbabwe has said it does not need the services of Ghana’s Vice President, Dr Mahamudu Bawumia in its effort to rebuild the country’s challenged economy following President Emerson Mnangagwa swearing into office last week.

Ex President Robert Mugabe tasked Dr. Mahamudu Bawumia in 2011 to assist his country on its re-engagement with the international community. Dr. Bawumia, an economist and former Deputy Governor of Ghana’s central bank went to Zimbabwe as the African Development Bank’s Resident Representative to Zimbabwe. He succeeded in making the southern African country’s economy stronger and had substantial growth.

His appointment follows the request by Mugabe’s government, with the backing of Southern African Development Community (SADC), for the African Development Bank, as the premier African multilateral development institution, to take a lead role in assisting Zimbabwe revamp its ailing economy.

Zimbabwe, whose economy shrank significantly after 2000, had major hyperinflation problems from 2003 to 2009 and suspended its own currency. The economy deteriorated from one of Africa’s strongest to the world’s worst.

As a result, the country witnessed widespread poverty and a whopping 94% unemployment rate.

Zimbabwe’s new President Emmerson Mnangagwa has pledged to re-engage the country with the world, following the dramatic departure of Robert Mugabe. In his inauguration speech, Mr Mnangagwa sought to reassure foreign investors to attract badly needed funds to revive Zimbabwe’s failing economy.

Some economists have said Zimbabwe, may take another ten years to marginally reverse the deteriorated economic fortunes that once anchored the Southern African country among the world’s emerging markets.

Speaking to Kasapa FM’s Akwasi Nsiah on a wide range on issues, Lawyer Farai Mafunga, counsel for President Emmerson Mnangagwa said, though Zimbabwe acknowledges the contribution of Dr Bawumia in reshaping their economy in the past, his services are not needed now.

“Zimbabwe has got competent people to turn things around, I think we need to engage the international community and get some investment into the country. I think the people in the country are very capable of doing a great job. Obviously, any help we can get from elsewhere is welcome but I think we’re good to go and so we don’t need Dr Bawumia’s support now.”

Credit: kasapafmonline.com

Show More


  1. cialis on sale in usa Several other knights are also being mobilized one after another, Just when the eyes of almost the entire continent were fixed on Lille City, the Rhine Alliance unexpectedly diuratic pills and blood pressure declared war on the Principality of Ron

  2. viagra nitroglycerin If it was not for this trip to the secret realm, it would be chinese traditional medicine for diabetes scholarly article difficult for them to experience the opportunity to use the training furnace as their main weapon

  3. cialis 5mg is that you feel like there s an end to it psychological end my family and friends are like it s groundhog day and I m like no it s not because I ve got a new milestone every week or a new thing to look forward to

  4. This approach to building an inflammatory profile may provide insight into inflammatory pathways affecting brain function and potential targets for anti inflammatory interventions to improve cognition in schizophrenia buy nolvadex

  5. In order to optimize drug uptake into the cancer cells, a conjugated nanogel system was prepared employing methacrylation strategic route 28 generic cialis online pharmacy Aldosterone excess is common in patients with RHTN, and addition of spironolactone or amiloride to the standard 3 drug antihypertensive regimen is effective at getting the blood pressure to goal in most of these patients

  6. serevent desvenlafaxine morning or night Fred often cites Гў pattern recognitionГў as the main job of a venture capitalist, and I think I got a pretty good sense of FredГў s pattern he understands the mechanism behind a company or technology, and figures out whether his firm can help that company grow tamoxifen and vitamins to avoid 1 THERAPEX INC CANADA

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button