President John Dramani Mahama erred in his claim that no Ghanaian knows the cost of the redenomination of the cedi in 2007, Abdul-Malik Kweku Baako, Editor-in-Chief of the New Crusading Guide, has said.
According to him, the cost involved in the exercise was announced by then Bank of Ghana Governor Paul Acquah at the central bank’s Monetary Policy Committee meeting in 2007.
His comments follow a challenge Mr Mahama has thrown at the vice-presidential candidate of the New Patriotic Party (NPP), Dr Mahamudu Bawumia, to disclose the cost of rebasing the Ghanaian currency almost a decade ago, when he was Second Deputy Governor of the Bank of Ghana.
Speaking on Tuesday October 11 on a campaign platform, Mr Mahama said: "Do we remember the cedi redenomination under President Kufuor? During that time, someone (Bawumia) was the [Second] Deputy Bank of Ghana Governor and up until now, even I, as a President, do not know the cost of the redenomination 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.”
But Mr Baako, in a text message he sent to the host of Asempa FM’s Ekosii Sen show, Kwadwo Asare Baffuor Acheampong (KABA), said the president “goofed on the redenomination claim” because the then Governor of BoG, Paul Acquah, “provided the cost at a Monetary Policy Committee meeting in 2007”, which was carried by the media.
Source: classfmonline.com
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What a President we have in Mahama. So is that how they have been embarrassing the Country when they travel outside or signing any international agreements? All they are interested in is the inflationary figures and what to benefit from. As a President,you only press a button and you get answers. He really must go for a more competent person the manage the affairs of the country.
This President talks before he thinks. He is awful and it's sad he's not abreast with what is really going on in the country. He is a destroyer, a nation wrecker and his cronies are stealing from mother ghana. He needs to go
Per Kay you see the word incompetent suit your president very well how come every Ghanaian knows except him he should read or he doesn't understand when he reads or he can't think far
Isn't it strange that Mr. Baako couldn't tell us whatever figure he was referring to?
Bawumia is so right! President Mahama is embarrassing himself too much.
As for mahama the least said abt him the better
This fuuuoool1sh president talks by heart and thinks we all have short memories like him. 1dd100tttt
He (Kweku Baako) need not tell Ghanaians what we already know!! It is the In*competent president who says he doesn't know and Kweku telling him where to find that info. OR Mahama is lazy to read also..?? We should spoon-feed him by just mentioning it like he's a nursery kid..?? Tweeaaa Governance is SERIOUS BUSINESS..my brother Change your mind and vote for the NPP come Dec 7th, because I have changed my mind already..My children's future is more important than what this NDC government is doing..
If Kwaku Baako says the cost of the redenomination was announced by then governor of the bank of Ghana DR. Paul Acquah at a Monetary Policy Committee in 2007 and carried by the press, what it means is that he Kwaku Baako knows the amount as announced by the then governor so he should tell Ghanaians. If not then he saying the president has goofed is neither here nor there