The Vice President, Dr. Mahamudu Bawumia has taken a dig at former President John Dramani Mahama, saying the opposition National Democratic Congress (NDC) flagbearer has no locus to denigrate the current administration with regards to the crisis that has rocked the banking sector.
The Vice president says the banking crisis developed under the watch of Mr. Mahama who did nothing to stop it, saying he instead supervised the ravaging of the sector by those who were entrusted with the responsibility of taking care of the various Banks.
Speaking at the launch of the United Nations Office for Projects (UNOPS) and Sustainable Housing Solutions (SHS) Affordable Housing Units on Wednesday, 28th August, 2019, Dr. Bawumia averred that what the current government did after the crisis became fully blown was to endeavor to salvage the savings of the millions of Ghanians who were customers of the affected Banks.
He said ‘’The Government’s actions have restored confidence in the banking system as customers of the defunct deposit-taking institutions continue to access their funds without difficulty. Through the Government’s interventions, deposits held by some 4,629,029 depositors have been saved, as well as over 3,000 jobs saved.’’
Dr. Bawumia continued that ‘’ To minimize job losses, CBG and GCB retained thousands of former employees of the failed institutions. Unpaid salaries of some failed banks have also been paid by the Receivers. Can you imagine what would have happened in this country if 4.6 million depositors had lost their savings? This is over 7 times all the workers employed by 15 government! That would have been a real national security threat.’’
‘’But where from John Mahama’s new found care for indigenous firms? Does John Mahama know how many indigenous firms collapsed under 4 years of dumsor? Why didn’t his government bail them out? Why this sudden love for collapsing indigenous firms? Where were the specific policies to support them? Does he know how many jobs were lost? What did he do about that if he cared so much about jobs? Today he is hypocritically and opportunistically crying about job losses because he wants votes. So many nurses and teachers completed training but were left to sit at home for four years. Did these jobs not matter? Are teachers and nurses less important?’’ he quizzed further.
Read the Vice President’s full speech at the event below:
VP’s Speech at the Launch of UNOPS’ 100,000 housing units
Source: BestNewsGH.com
