‘It’s not what you say in opposition but what you did in govt that matters’ – Bawumia to Mahama

Dr Mahamudu Bawumia, Vice President of Ghana.

The Vice President, Dr Mahamudu Bawumia has reacted to former President John Mahama’s on the financial when he introduced his running, Professor Naana Jane Opoku-Agyemang to the electorate on Monday night.

To Vice President Bawumia, the 2020 Presidential elections is a choice between his [Mahama] eight-year record as Vice President and President and the three and half-year record of Nana Akufo-Addo as President.

Former President Mahama has been making series of promises as part of his campaign message in his bid to seek re-election on December 7, 2020.

In a post on Facebook on Tuesday [July 28, 2020, Dr. Bawumia reminded the former President that “Ghanaians will judge him by his terrible record as President, not by his new-found promises.”

“The choice Ghanaians face on December 7th is between John Mahama and Nana Addo Dankwa Akufo-Addo. Thankfully both of them have records. John Mahama was Vice President and President for 8 years and Nana Akufo-Addo has been the president for three and half years,” Dr. Bawumia wrote.

“It is not about what you say in opposition. It is about what you did in government. What matters ultimately to Ghanaians is how these two leaders were able to manage the economy and alleviate the suffering of the people when they were given the opportunity to serve,” the Vice President added.

Former President Mahama, during the public introduction of his presidential running mate on Monday night [July 27, 2020, promised among other things, to settle monies owed customers of liquidated financial institutions, including DKM which collapsed during Mahama’s presidency.

While the NPP government has settled some customers and the Official Liquidator has started paying claims of staff of liquidated banks, Vice President Bawumia said former President Mahama and his government “poorly supervised the illegal activities of the liquidated banks, as well as the collapse of 82 financial institutions during his time in government.”

“John Mahama presided over a mismanaged and collapsing financial system. 82 licensed financial institutions (listed below) collapsed under JM’s watch (were they deliberately collapsed by his government?) and the depositors were not paid,” Dr. Bawumia stated in his Facebook post and listed the 82 banks which collapsed under Mahama’s watch.

“Nana Akufo-Addo on the other hand has rescued the financial system and spent GHC 21 billion to save the deposits of 4.6 million depositors who would otherwise have lost their savings. DKM depositors will also be paid,” he added.

Making a broader comparitive analysis between Mahama’s 8 years as President and Nana Akufo-Addo’s 3 and half years as President so far, Dr. Bawumia accused Mahama of mismanaging the Ghanaian economy, which the government of Akufo-Addo revived, with all economic indicators improving significantly.

In his post, Vice President Bawumia listed 50 things the John Mahama administration mismanaged, or failed to implement, which the government of Akufo-Addo has achieved in 3 and half years.

Below are the list of 50, as well as the 82 financial institutions which collapsed during Mahama’s time in government.

BELOW IS VICE PRESIDENT BAWUMIA’S LIST OF 82 “FAILED MFIs BETWEEN 2009 AND 2016 UNDER THE NDC”

No depositor was paid his/her investment

AGAPET MICROFINANCE LIMITED

ANTCAVE MICROFINANCE LIMITED

APEX MICROFINANCE LIMITED

ATWIMAN MICROFINANCE COMPANY LIMITED

BEES MICROFINANCE LIMITED

CEDAR HOUSE MICROFINANCE SERVICES LIMITED

CENTRAL CAPITAL MICROFINANCE LIMITED

CHARLES NOBLE MICROFINANCE LIMITED

CITIVILLE MICROFINANCE LIMITED

CITY TRUST MICROFINANCE LIMITED

COASTAL LINK MICROFINANCE LIMITED

DIAMOND WINNERS MICROFINANCE LIMITED

DKM DIAMOND MICROFINANCE LIMITED

DUAPA TRUST MICROFINANCE LIMITED

EGO VISION MICROFINANCE LIMITED

EZI ACCESS MICROFINANCE LIMITED

F.H. & C MICROFINANCE LIMITED

FAST MONEY MICROFINANCE LIMITED

FIRST UNITY MICROFINANCE LIMITED

GANYO MICROFINANCE LIMITED

GENESIS SEED MICROFINANCE LIMITED

GLOBAL STANDARD MICROFINANCE LIMITED

GLOW MICROFINANCE LIMITED

GOLDEN LIFE MICROFINANCE LIMITED

GROWTH CHAMPIONS MICROFINANCE LIMITED

GROWTH POLE MONEY LENDING LIMITED

IDEAL WAY MICROFINANCE SERVICES LIMITED

IMAGES MICROFINANCE LIMITED

JASTAR MONEY LENDING SERVICES LIMITED

J’COBS MICROFINANCE LIMITED

JUBILEE MICROFINANCE LIMITED

KAB MICROFINANCE LIMITED

KB STAR MICROFINANCE COMPANY LIMITED

KWABEF MICROFINANCE LIMITED

LOOK-AHEAD MICROFINANCE LIMITED

MAGNET MICROFINANCE LIMITED

MCKEOWN MICROFINANCE LIMITED

MEDAL CREDIT MICROFINANCE LIMITED

MEDLORM MICROFINANCE LIMITED

MONEY HOME MICROFINANCE LIMITED

MONEY LINK MICROFINANCE LIMITED

MOTHERS’ MICROFINANCE LIMITED

MY HOPE MICROFINANCE LIMITED

NEW DAWN MICROFINANCE LIMITED

OPPORTUNITY GLOBAL LINKS MICROFINANCE LIMITED

ORION MONEY LENDING LIMITED

PAXMAN MICROFINANCE LIMITED

PENDY-GLO MICROFINANCE LIMITED

PROMISE MICROFINANCE LIMITED

PROTEGE MICROFINANCE LIMITED

PRYME HEDGE MICROFINANCE LIMITED

QUICK LOANS MICROFINANCE LIMITED

REACH MICROFINANCE LIMITED

REEMALEX MICROFINACE SERVICES LIMITED

REJOICE MICROFINANCE LIMITED

RIMDA MICROFINANCE LIMITED

ROYAL KINGDOM MICROFINANCE LTD

SAB TRUST MICROFINANCE LIMITED

SAFE CREDIT MICROFINANCE LIMITED

SEAB MICROFINANCE LIMITED

SHARP VISION MICROFINANCE LIMITED

SHINE CREDIT MICROFINANCE LIMITED

SIKA DWA MICROFINANCE LIMITED

SILISON MICROFINANCE LIMITED

SILVER MICROFINANCE LIMITED

SKII CREDIT MICROFINANCE LIMITED

SOFTBIZ MICROFINANCE LIMITED

SP MICROFINANCE LIMITED

SPARK TRUST MICROFINANCE LIMITED

SUFFICIENCY MICROFINANCE LIMITED

SWIFT TRUST MICROFINANCE LIMITED

SYNTHESIS MICROFINANCE LIMITED

THE LORD IS PEACE MICROFINANCE LIMITED

TIME-FIRST MICROFINANCE LIMITED

TOPNET MICROFINANCE LIMITED

TRUST JESUS MICROFINANCE LIMITED

TTS MICROFINANCE SERVICES LIMITED

ULTIMATE FOCUS MICROFINANCE LIMITED

UNI CASH MICROFINANCE LIMITED

VANLIZ MICROFINANCE SERVICES LIMITED

WESTERN MICROFINANCE LIMITED

XPRESS LINK MICROFINANCE COMPANY LIMITED

Source: graphic.com.gh

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