Your incompetence has forced us to use GHc13 billion to clean-up banking crisis-Mahama jabbed

Vice President Dr. Mahamudu Bawumia has taken former President John Dramani Mahama to the cleaners for criticising the Nanba Addo led administration over the banking sector crisis.

He told a gathering at the first Kumasi Town Hall Meeting that the former Mahama led administration was aware of the challenges and breaches by some financial institutions but failed to act.

He said the NPP is cleaning the mess created by the NDC in the banking sector because he could not do it.

The banking crisis he stated was caused by poor licensing regime, weak corporate governance structure.

The banking sector crisis hew said was like a body with cancer in the toe. If you don’t cut off the rotten toe it would go up to infect the whole body to the head.

The second gentleman of the land went on to state that left to the NDC, our banking system would have collapsed by now.

Government has spent 13 billion cedis to pay back depositors of collapsed banks. This money was not planned for, he disclosed.

This was done to ensure no depositor loses their money to the banking crisis, the Vice President added.

By: Rashid Obodai Provencal

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