Vice President Dr. Mahamudu Bawumia is an entertainer who Johnson Asiedu Nketia, the general secretary of the opposition National Democratic Congress (NDC), likes listening to when he wants to be thrilled.
Mr Asiedu Nketia said;
“I listen to Bawumia only when I want to be entertained”,
In a statement to the nation about the government’s plan to request a bailout from the IMF, Vice President Mahamadu Bawumia charged the NDC with contributing to the nation’s current economic turmoil.
“The excess capacity payments of GHC 17 billion related to a legacy of take or pay contracts that saddled our economy with annual excess capacity charges of close to $1 billion. These were b asically contracted to supply energy to Ghana way in excess of our requirements, but we were obligated to pay for the power whether we use it or not. The excess capacity payments includes GHC 7 billion of payments for gas resulting from the previous government signing an offtake agreement for a fixed quantity of gas with ENI Sankofa on a take or pay basis which was way in excess of what was needed at the time. Not keeping up with the excess capacity payments would have meant throwing the country back into a new bout of dumsor”, he said.
“We were also confronted with a banking crisis as a result of the mismanagement of the banking sector. Ghana’s banking system was on the verge of collapse and not dealing decisively with it would have meant disaster for the economy with millions of people losing their savings”, Dr Bawumia added.
Mr. Johnson Asiedu Nkeia, in contrast, firmly asserted that the Vice President does not take his public statements seriously in response to the Vice President on JoyNews.
The Vice President’s speeches to date, according to the NDC official, have not even the slightest hint of seriousness and have only been intended to amuse.
Source; www.ghgossip.com
