Deputy General Secretary of the National Democratic Congress (NDC), Mr. Koku Anyidoho, has dared the running mate of the New Patriotic Party (NPP) for the 2016 elections, Dr. Mahamudu Bawumia, to publicly state how much it cost the country to redenominate the cedi under his watch in 2007.
Speaking on NEAT FM, yesterday in Accra, Mr. Anyidoho stressed that Ghanaians are impatiently waiting to be told how much of the ordinary tax payer’s many was spent on the exercise which some critics believe was a total waste of money.
“We are asking Dr. Mahamudu Bawumia to tell Ghanaians how much money did the Delaro, a capital investment company, made from the NPP government during the time that Dr. Paul A. Acquah was the Governor of the Bank of Ghana to carry out the cedi redenomination exercise in 2007.
“It was Dr. Mahamudu Bawumia, at a time when he was the Deputy Governor of the Bank of Ghana who gave the contract of the Ghana cedi redenomination to the brother of Nana Addo Dankwa Akufo-Addo (whose name) Koku Anyidoho did not mention. The contract of the Ghana cedi redenomination to Akufo-Addo’s brother is big money oooo.
“…after giving the contract of the Ghana cedi redenomination to the brother of Nana Akufo-Addo, he thanked him (Dr. Mahamudu Bawumia) by giving running mate of the NPP for the 2008 position to Dr. Mahamudu,” Mr. Anyidoho told the host of the programme.
Ghana in 2007 during former President John Agyekum Kufour’s administration, at the time when Dr. Bawumia was the deputy Governor of the Bank of Ghana (BoG), carried out a cedi redenominated exercise, which was believed to be spearheaded by his good self.
Government at the time said the purpose of the exercise was to address past episodes of high inflation rates and other economic challenges.
Almost a decade after that exercise, critics of the Kufuor regime have continued to criticise the move, saying it yielded no positive results, but was rather politically motivated and intended to create the impression that Ghana’s currency was of a very high value.
Dr. Bawumia, who is gunning for the second most powerful position in Ghana for the second consecutive time, at a public lecture themed: “The State of the Ghanaian Economy – A Foundation of Concrete or Straw,” he delivered recently, lambasted the Mahama-led administration for the poor handling of the economy, though the government has borrowed some 39 billion dollars in the last eight years that it has been in power.
But while responding to Dr. Bawumia allegations on Neat FM, Mr. Anyidoho urged the former to come out in his own interest to speak to the issue of the redenomination exercise.
“Ghanaians are still waiting to know the amount of their taxes that the Bank of Ghana spent in the printing the current Ghana cedis we’re using.
“…you’ve not been able to speak to it despite several calls on you, until now Ghanaians have no idea on this issue and he’s going round talking. I am ready to meet Dr. Mahamudu Bawumia at Alisa Hotel in Accra to debate on the wide range of issues and he (Koku Anyidoho) will stripe and expose him as a “liar.
He should come out and clarify things so that this matter is put to rest,” NDC Deputy National ascribe fumed.
Source: Ghana/todaygh.com/Freeman Koryekpor Awlesu