September 26, 2020
Clickongh

Bawumia to Mahama: 'It's not what you say in opposition but what you did in govt that matters'

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.

Read also: Next NDC administration will prevent ‘Menzgold, DKM saga’ by setting up financial services authority

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: Politics