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Bawumia behind the collapse of banking sector – Namoale

Samuel Sackey 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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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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