The running mate of the New Patriotic Party (NPP), Dr. Mahamudu Bawumia, has said the request by President John Mahama for the disclosure of the cost of the 2007 redenomination of the cedi is “another demonstration of incompetence.”

In a short comment on his Facebook wall, Dr. Bawumia said “Apart from the fact that the then Governor disclosed the cost as far back as 2007, if the President really wanted to find out the cost of the redenomination, he could simply have asked his VEEP who was Bank of Ghana Governor, especially when the President was Head of the Economic Management Team between 2009 and 2012.”

READ ALSO: 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.

“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.

But in a response, Dr Bawumia said “Such petty propaganda should be beneath someone of the stature of a President. It is clear he is very poorly briefed, but when a President decides to join the bandwagon of propaganda, he only ends up embarrassing himself.”

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

Some economists have however attributed the country’s current economic challenges to the redenomination exercise under the Kufuor administration.

Below is the full response by Dr Bawumia:

Mr. President, care to read?

Today's request for disclosure on the 2007 redenomination is another demonstration of incompetence. Apart from the fact that the then Governor disclosed the cost as far back as 2007, if the President really wanted to find out the cost of the redenomination, he could simply have asked his VEEP who was Bank of Ghana Governor, especially when the President was Head of the Economic Management Team between 2009 and 2012.

Such petty propaganda should be beneath someone of the stature of a President. It is clear he is very poorly briefed, but when a President decides to join the bandwagon of propaganda , he only ends up embarrassing himself.

Moving on, can the President (with the same zeal) and his Economic Management Team respond to the 170 statements contained in my last lecture?