The New Patriotic Party (NPP) has hit back at the flagbearer of the opposition National Democratic Congress (NDC), John Mahama, after he described the clean up of the banking sector as chaotic.
Speaking to Citi News, the Communications Director of the NPP, Yaw Buaben Asamoa, retorted saying the genesis of the banking crisis traced back to the Mahama administration and its lethargy on the matter.
“The current cleanup and the way it is being organised is being occasioned by his inactivity; his indecisiveness, his inability to confront the problem when it started in 2014.”
“He is doing a disservice to this country knowing that he hasn’t changed and is coming back to mess us up politically. He doesn’t have any solutions…the problems were caused by the sheer incompetence of his government.”
The NPP is responding to Mr. Mahama following his interaction with some Ghanaians on social media where he criticised the state’s handling of the financial sector’s cleanup that resulted in the closure of 420 financial institutions within the last two years.
As part of the BoG’s cleanup of the financial space, it revoked the licences of nine universal banks, 347 microfinance companies of which 155 had already ceased operations, 39 microcredit companies or money lenders, 15 savings and loans companies, eight finance house companies, and two non-bank financial institutions.
Mr. Mahama, among other things, described the crackdown in the financial sector as a “national security threat.”
“The crisis has created major problems in the banking sector and financial sector including deepening the already widely held mistrust and lack of confidence in the system by Ghanaians. It appears to have no end in sight. It has also dealt a significant blow to the indigenous banks because such institutions have no external support to count on. While this development appears to be a threat to only the businesses that have been shut down, it is in fact a threat to our national security. The development in the banking and finance system and the matters arising call for grave concern on all who have been affected by this financial sector turmoil especially because it is an issue that threatens the country’s security.”
Source: citinewsroom
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |
Ei, Mahama you are INCOMPETENT in EVERYTHING! Why? You saw this coming BUT did NOTHING about it. What are you saying now? No wonder the people pf Ghana REJECTED you! They will REJECT you for life come 2020!
Ndc is not good for the country very wicked, cloud snd incompetent in office and after! how on earth could a so called president supervise over a rot and turn back as flagbearer and blame others for his incompetence and failures? most of those institutions belonged to ndc members who didn't even have the capital seed to open such institution and they have the guts to come here to express and expose their st*upidity! was john mahama not in power when DKM, God is Love and others collapsed and this government had to pay those customers? was he not in power that so many of those institutions runaway with some Ghanaians money and john mahama insulted Ghanaians for investing in those banks? nothing will save ndc to come back and rule our country like a jungle with no vision,no plan no policy and no philosophy just coming to create loo00*t and share !God din punish you!
THIS IS HOW NPP BEHAVES WHEN THEY ARE CAUGHT IN THE ACTS. KEEP BLAMING MAHAMA AND NB! HE KEPT SHOWING POPULARITY EVERYDAY TO GHANAIAN THAN AKUFO ADO.PPA BOSS WAS CAUGHT AND UR SITTING IN THERE BLAMING MAHAMA? GHANAIAN HAS TAKEN NOTE OF NPP AND THEY WILL NOT FORGIVE THEM BCOS NPP HATE CRITICISM AND THIS WHERE THEY LOST 2020 AHEAD.