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    Jospong Group partners Ghanaian scholars in Diaspora to boost country’s growth

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    Ghana’s progress depends on citizens’ duties – Dr. Mortoti

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    Mahama reaffirms solidarity with Kenya at Jamhuri day celebration

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    Israeli troops kill municipal worker in south Lebanon raid

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    Heavyweight boxing legend George Foreman dies aged 76

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    The truth behind presidential sunglasses: Why leaders like Mahama wear them

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  • Elections
    National election security taskforce meets NPP ahead of Presidential primaries 

    National election security taskforce meets NPP ahead of Presidential primaries 

    Stop GRA from implementing E-Levy – Minority MPs to Supreme Court

    Supreme Court suspends Kpandai Parliamentary election rerun

    Parliament formally notifies EC of Kpandai vacancy seat

    Parliament formally notifies EC of Kpandai vacancy seat

    Ghana and Qatar begin implementation of Labour Mobility Agreement

    Elections 2028: NPP should save money and forget contesting presidential election – Kwakye-Ackah

    Mahama marks one-year anniversary of election victory with renewed pledge

    Mahama marks one-year anniversary of election victory with renewed pledge

    EC postpones District Assembly, Unit Committee by-elections

    EC postpones District Assembly, Unit Committee by-elections

    Ukraine-Russia crisis: Asking Ghanaian students to find safe shelter ‘petrifying’ – Okudzeto Ablakwa

    Ghana expresses concern over post-election violence in Tanzania

    NPP decides: Over 30,000 delegates to vote in Ashanti Region

    Justin Kodua underscores NPP constitutional amendment to strengthen party

    NPP’s verification exercise to guarantee free, fair primaries – Justin Kodua

    NPP’s verification exercise to guarantee free, fair primaries – Justin Kodua

  • Politics
    We admit our mistakes and will fix them-Bawumia

    Sarfo-Kantanka endorses Bawumia ahead of NPP election

    I am ashamed to defend Bawumia with current cedi performance under Mahama – Owusu Bempah

    I see a Ghana where every child can achieve their dreams –President Mahama

    President Mahama expresses gratitude to Ghanaians at thanksgiving service

    I see a Ghana where every child can achieve their dreams –President Mahama

    President Mahama reaffirms his commitment to ethical leadership, marking one year in office

    IPAGG opposes Constitutional Review Committee’s proposal to extend Presidential term

    IPAGG opposes Constitutional Review Committee’s proposal to extend Presidential term

    Dr. Bawumia commands 73% support in NPP flagbearer race

    Dr. Bawumia commands 73% support in NPP flagbearer race

    Dr. Bawumia pledges to revive NPP’s legacy ahead of primaries

    Dr. Bawumia pledges to revive NPP’s legacy ahead of primaries

    Haruna Iddrisu tops Global InfoAnalytics poll as leading candidate for NDC leadership

    Haruna Iddrisu tops Global InfoAnalytics poll as leading candidate for NDC leadership

    Salaga-South MP sends Christmas wishes, reaffirms development pledge

    Salaga-South MP sends Christmas wishes, reaffirms development pledge

  • News
    • Local News
  • Business
    President Mahama secures ECOWAS backing to chair AU

    Ghana to exit IMF programme by mid-2026, says President Mahama

    Gold purchase programme began during economic crisis – BoG governor

    Ghana’s gold sector sees record exports, Gov’t pushes for value addition

    GoldBod denies transferring trading losses to BoG

    Ghana’s gold sector sees record exports, Gov’t pushes for value addition

    Our strict aggregator rules is not a Monopoly but compliance- GoldBod tells critics

    Alhaji Agongo builds lifeline facility for Ghana Police Hospital’s ‘unknown patients’

    Video: A new chapter of hope: Agongo intervenes to support Ghana Police Hospital’s ‘unknown patients’

    Jospong Group partners Ghanaian scholars in Diaspora to boost country’s growth

    Jospong Group partners Ghanaian scholars in Diaspora to boost country’s growth

    Ghana’s progress depends on citizens’ duties – Dr. Mortoti

    Ghana’s progress depends on citizens’ duties – Dr. Mortoti

    VAT rate cut to 20%, COVID levy abolished as new tax takes effect

    VAT rate cut to 20%, COVID levy abolished as new tax takes effect

    2026 Ghana budget: What households, businesses and investors can expect from Dr Ato Forson

    Ghana settles $709 million Eurobond obligation ahead of schedule

  • Education
    Gov’t to rollout 2-year program to end double track system – Finance Minister

    GES rolls out online learning for double-track SHS students

    Mahama reaffirms solidarity with Kenya at Jamhuri day celebration

    President Mahama promises to commit GH¢ 500 million in revolving housing funds for teachers

    North Tongu gets boost in STEM education with two new smart classrooms

    North Tongu gets boost in STEM education with two new smart classrooms

    Legon UTAG defies order to resume lectures

    UG announces senior-level appointments, promotion

    Graduates of Takoradi Technical University urged to lead Ghana’s transformation

    Graduates of Takoradi Technical University urged to lead Ghana’s transformation

    Get closer to gov’t and make your work more visible – Vice President to CSIR

    Get closer to gov’t and make your work more visible – Vice President to CSIR

    V/R: Bee attack at Anloga E.P. basic school claims 2 lives, leaves 28 Injured

    V/R: Bee attack at Anloga E.P. basic school claims 2 lives, leaves 28 Injured

    From ‘Economic superiors’ to plunging economy into debts – Haruna Iddrisu jabs NPP

    Education Minister calls for environmental preservation at mentoring programme

    Education Ministry announces payment of outstanding teacher allowances

    Education Ministry announces payment of outstanding teacher allowances

  • Health
    Alhaji Agongo builds lifeline facility for Ghana Police Hospital’s ‘unknown patients’

    Alhaji Agongo builds lifeline facility for Ghana Police Hospital’s ‘unknown patients’

    Kasoa polyclinic in crisis: Pregnant women suffer amidst power crisis

    Kasoa polyclinic in crisis: Pregnant women suffer amidst power crisis

    Gender Minister joins efforts to cut maternal deaths in Ghana

    Gender Minister joins efforts to cut maternal deaths in Ghana

    Smoking shisha equals smoking 200 cigarettes – FDA

    Smoking shisha equals smoking 200 cigarettes – FDA

    Ikederb, Neurovoc Africa support vulnerable children in Accra

    Ikederb, Neurovoc Africa support vulnerable children in Accra

    Assailant who attacked police officer on duty shot dead

    Korle Bu Hospital to hold mass burial for unclaimed bodies

    Upper Amenfi Rural Bank donates Power Plant to Diaso Health Centre

    Upper Amenfi Rural Bank donates Power Plant to Diaso Health Centre

    Weinglo Family International brings Christmas feeding outreach to Ankaful Psychiatric hospital

    Weinglo Family International brings Christmas feeding outreach to Ankaful Psychiatric hospital

    Abena Osei Asare commissions Doctors’ Bungalow for Enyiresi Gov’t Hospital

    Abena Osei Asare commissions Doctors’ Bungalow for Enyiresi Gov’t Hospital

    • Lifestyle
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    Wendy Shay reveals how ‘Vivian’ controversy led to her hit ‘It’s too late’

    Wendy Shay reacts to Tracy Shay’s stage performance at Sista Afia’s party

    Women lack deserved recognition in Ghana music industry – Sista Afia

    Sista Afia denies inviting Tracy Shay on stage during concert

    Mzbel explains why she has no interest in marriage

    Mzbel speaks on ‘Fire Oja’ arrest, says action was taken for peace of mind

    Mzbel explains why she has no interest in marriage

    Fire Oja arrested over alleged defamatory comments against Mzbel

    Ebo Noah expands ark project amid growing crowd at Sarkodie’s rapperholic concert

    Mother of Ebo Noah appeals for son’s pardon

    Jonilar opens up on first-ever award, explains why he has rejected nominations for years

    Jonilar opens up on first-ever award, explains why he has rejected nominations for years

    Wendy Shay reveals how ‘Vivian’ controversy led to her hit ‘It’s too late’

    Mentoring someone else’s child comes with challenges — Wendy Shay opens up

    Afia Schwarzenegger questions Empress Gifty’s USA Music Awards win

    Afia Schwarzenegger apologises for 2025 offences, declares 2026 her “Year of No Nonsense”

    King Paluta refuses to apologize over controversy, insists he hasn’t insulted fans

    King Paluta refuses to apologize over controversy, insists he hasn’t insulted fans

  • Features
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    Mahama reaffirms solidarity with Kenya at Jamhuri day celebration

    Mahama reaffirms solidarity with Kenya at Jamhuri day celebration

    Israeli troops kill municipal worker in south Lebanon raid

    Israeli troops kill municipal worker in south Lebanon raid

    Keeping the historical memory: Latin America’s participation in World War II

    Keeping the historical memory: Latin America’s participation in World War II

    Premature shut down of Washington embassy dents Ghana’s Foreign Service – Minority

    Israel-Iran Conflict: Safety of Ghanaians must be national priority – Minority to gov’t

    Cardinal Leo XIV elected as first American pope

    Cardinal Leo XIV elected as first American pope

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    IMF warns that U.S. tariffs could destabilize global economy

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    World Cup 2026: Argentina qualify ahead of Brazil showdown

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    Heavyweight boxing legend George Foreman dies aged 76

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    The truth behind presidential sunglasses: Why leaders like Mahama wear them

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Bawumia behind the collapse of banking sector – Namoale

by Samuel Sackey
November 21, 2024
in News, Business
Reading Time: 1 min read
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Former Member of Parliament (MP) for La Dadekotopon, Nii Amasah Namole, has said that the vice president of Ghana, Dr. Mahamadu Bawumia, is behind the collapse of some banks in the banking sector.

According to the former Member of Parliament, Dr. Bawumia claimed he is an economist; thus, he does not expect him to collapse the banks, while Ghana needs over Ghc9 billion to govern the country.

He stated that the flagbearer of the New Patriotic Party (NPP) is behind the ideas of collapsing banks in Ghana.

Speaking on the Angel Morning Show on Wednesday, November 20, 2024, he explained that President Nana Addo Dankwa Akuffo-Addo consulted the vice president, Dr. Bawumia, on how to manage the banks in Ghana.

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According to Namole, the only idea, as an economist, he could give to the president is to collapse the banks.

“Let`s collapse the banks and use Ghc25 billion to setup Ghana Commercial Bank (GCB), and also gave theories that Ghanaians did not understand, which he convinced Nana Addo to agree to his ideas,” he emphasised.

He added that there was a debt exchange rate that Dr. Bawumia could not explain to Ghanaians but only given economic theories, which in the end convinced President Nana Addo Dankwa Akuffo-Addo to use pensioners’ money, which left them stranded.

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“Bawumia did not give good advice to the president,” he stated.

Tags: Banking sectorNii Amasah Namoale
Samuel Sackey

Samuel Sackey

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Dear Prez Akufo-Addo, act now and sack GFA capo Kurt Okraku

Dear Prez Akufo-Addo, act now and sack GFA capo Kurt Okraku

The Akuapem North Constituency of the Eastern Region is set to witness intense political activity tomorrow, Friday, November 22, 2024, as major party stalwarts from both sides converge to campaign for their respective candidates. You may recall that Dr. Mahamudu Bawumia, the presidential candidate of the New Patriotic Party (NPP), visited the constituency in August to campaign for one of his staunchest allies in the Eastern Region, Sammi Awuku, the parliamentary candidate for Akuapem North. During his visit, Dr Bawumia headlined the second edition of the Ofie Walk, an event that drew tens of thousands of sympathizers and residents. The walk stretched from Mamfe to the Mampong Coronation Park, where he led an electrifying crowd. Following this, the running mate of the NPP presidential candidate, Dr. Matthew Opoku Prempeh, also visited the constituency to show support for Sammi Awuku. Tomorrow, or at the latest Friday, Mr Awuku’s stronghold will once again become a center of political attraction. Former President John Dramani Mahama, the presidential candidate of the National Democratic Congress (NDC), is expected to campaign in the constituency, culminating in a major rally at Mampong, Mr. Awuku’s hometown. Over the last three days, the two major political parties have been intensifying their campaigns. Party supporters have lined the streets with flags and posters of their respective parliamentary candidates. Mr. Awuku, for his part, has spent the last two weeks visiting towns and major villages to secure more votes for Dr. Mahamudu Bawumia. The NDC, meanwhile, appears concerned about Mr. Awuku’s deliberate efforts to penetrate its strongholds, including Adawso, Mangoase, Kwamoso, Tinkrong, and other areas within the constituency. Adding to this momentum, the First Lady of the Republic, Her Excellency Rebecca Akufo-Addo, is expected to join the NPP campaign trail tomorrow, focusing on these traditionally NDC-dominated areas. This convergence of high-profile political figures is expected to pose logistical challenges for the security apparatus as both parties ramp up their activities around the same time. Mr. Awuku is anticipated to play a leading role in galvanizing support for the NPP and Dr. Bawumia, while Mrs. Akufo-Addo is expected to inaugurate a newly constructed clinic for the people of Gbolo Kofi in the Mangoase area. Additionally, the National Women's Organizer of the NPP, Kate Ghamfuah, is expected to be in the constituency at the same time, engaging with queen mothers and traditional leaders to solicit support for Bawumia and Sammy Awuku. As the clock ticks down, Akuapem North promises to be a vibrant political hotspot, with both parties leaving no stone unturned in their bid to secure victory.

NPP, NDC to shake Akuapem mountains this weekend

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