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Bawumia behind the collapse of banking sector – Namoale

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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.

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.

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

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