Election 2016 Come clear on cost of redenomination - Mahama to Bawumia

According to the president, since Dr. Bawumia was a Deputy Governor of the Bank of Ghana at the time the cedi redenomination was carried out, he should be able to reveal to Ghanaians the cost of the exercise.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

President John Dramani Mahama has dared the running mate of the opposition New Patriotic Party (NPP), Dr. Mahamadu Bawumia to come clear on the cost of the cedi redenomination exercise undertaken by the erstwhile Kufuor administration in 2007.

According to the president, since Dr. Bawumia was a Deputy Governor of the Bank of Ghana at the time the cedi redenomination was carried out, he should be able to reveal to Ghanaians the cost of the exercise.

“Up till today, no Ghanaian knows the cost of the redenomination exercise and the same people come and say someone is incompetent. When you redenominated the cedi how much did it cost us? Simple things like these you cannot tell us and you have the nerve to come and talk about corruption. Look in the mirror and look at yourselves.

“Take the log out of your eye before you point at the mote in somebody’s eye. Only God doesn’t make mistakes. I am human, I am not God. I am not saying I have done so much but I have done what I can and if others say they have not noticed what I have done, God who is in heaven is my witness and he sees the good works NDC has done,” the president said at a rally in the Ablekuma North constituency.

Mr Mahama’s comments come on the back of accusations by the opposition NPP that he is incompetent.

He believes the NPP has no right to call him incompetent if it is not able to disclose the cost of the redenomination exercise.

The Kufuor administration in 2007 said the purpose of the exercise was to address past episodes of high inflation rates and other economic issues.

Recommended Articles

Recommended Videos





Top Articles

1 Modest Lifestyle I don't even have $2m like my brother - Ex-president Mahamabullet
2 Car Crash Former Akwatia MP, Kofi Asare deadbullet
3 Congratulations Mahama named 2016 best African Political leaderbullet
4 SONA Take your time- Helena Ntoso to President Nana Addobullet
5 Ghana Politics Government sacks 525 national security officers -...bullet
6 NPP Government Has Akufo-Addo’s deputy ministerial...bullet
7 Profile All you need to know about Samira Bawumiabullet
8 Ghana Politics Nana Addo's State of the Nation Address...bullet
9 JDM Speaks Leave power peacefully; the country will live...bullet
10 New Appointment Nana Addo names Ministersbullet

Top Videos

1 Video What Ghanaians are saying about Agyarko's bribery allegation casebullet
2 New Government Swearing in of Nana Akufo-Addo and Dr Bawumiabullet
3 Election 2016 Obinim threatens to rig elections for Mahama, Nana Addobullet
4 Election 2016 T.B Joshua in Ghana to subvert election 2016 - Rev....bullet
5 Pulse Elections Nana Addo will win by 53% - Gonga chief predictsbullet
6 Watch Gbese Mantse vows to abdicate if Nana Addo winsbullet
7 Ghana meets Naija President-elect Nana Akufo - Addo meets...bullet
8 Pulse Xmas video Ringier Ghana Limited end of year party 2016bullet
9 Election 2016 NPP does not want Nana Addo scrutinised –...bullet
10 Election 2016 Obinim predicts victory for Nana Addobullet

Politics