Bawumia's IDU Forum Speech: Macroeconomic Stability Trumps Tariffs

Ghana's Bawumia Highlights Macroeconomic Stability in Trade Policy at IDU Forum Accra, Ghana – May 16, 2025 – Dr. Mahamudu Bawumia, Ghana's former vice president, delivered a significant address at the 2025 IDU Forum, focusing on the importance of macroeconomic stability in shaping effective trade policies. The forum, held in Accra, brought together international leaders and experts to discuss pressing global issues. Bawumia emphasized the need to prioritize macroeconomic balances over tariff rates. "At the end of the day," he stated, "you have to make sure that the macro balances are guiding your trade policy and not tariffs." His remarks underscore a shift in emphasis towards holistic economic management rather than relying solely on protectionist measures. The video of Bawumia's speech has garnered significant attention online, highlighting the ongoing global interest in Africa's economic development and its role in international trade. His insights provide valuable perspectives for policymakers and economists alike, emphasizing the importance of a balanced approach to trade policy for sustainable economic growth.