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Mahama must understand Banking sector clean-up before commenting – Bawumia
Flagbearer of the New Patriotic Party (NPP) and Vice President of Ghana, Dr.Mahamudu Bawumia has jabbed former President, John Dramani Mahama over the banking sector crisis.
“I’ll ask the former president if he hasn’t read, to go and read the receiver’s report or the BoG’s report and acquaint himself before making any further comments on matters he clearly doesn’t understand,” he said
Addressing Ghanaians during the Media Encounter on Sunday, August 25, he said, the former President needs to get an understanding before making further comments, adding that he cannot hand over a bank’s licence to them, this is subject to legal procedure.He said, “We saved the deposits of 4.6 million bank depositors who really were going to lose their deposits if those banks were not saved. I don’t understand whether the former president has taken his time to understand the banking sector. Some atrocious things and this is why these banks had to be saved.”
Dr.Bawumia further added, “They were not collapsed, they were merged into other banks and no banking depositor lost 1 cedi, everybody maintained. But very bad things happened, some of the banks broke all the rules and extended loans way above the single obligor limits.”
“They were given, in some cases 1 billion by the Bank of Ghana to help them out of the mess and they only got deeper into the situation. Other banks were given capital to save the situation, and they used that money to set up Capital Bank, instead of rescuing the problem that they had. They took the money from the central bank and set up another business which also collapsed. Some took money and invested in private properties,” he added.
Dr.Bawumia concluded that “So, it was against this background the governor came to report, and this was one of my nightmares in the last eight years. Most people didn’t understand how close we were to a collapse of the entire banking system. This is how we had to merge many of these banking sectors into other banks and we saved 4. 6 million depositors.”
By Edem Mensah-Tsotorme
![Dr.Newman [middle] being assited by Prof Abotsi [second from right] and Prof Acakpovi [left] to launched the Strategic Plan document photo Okai Elizabeth](https://spectator.com.gh/wp-content/uploads/2026/04/Dr.Newman-middle-being-assited-by-Prof-Abotsi-second-from-right-and-Prof-Acakpovi-left-to-launched-the-Strategic-Plan-document-photo-Okai-Elizabeth-400x240.jpg)
![Dr.Newman [middle] being assited by Prof Abotsi [second from right] and Prof Acakpovi [left] to launched the Strategic Plan document photo Okai Elizabeth](https://spectator.com.gh/wp-content/uploads/2026/04/Dr.Newman-middle-being-assited-by-Prof-Abotsi-second-from-right-and-Prof-Acakpovi-left-to-launched-the-Strategic-Plan-document-photo-Okai-Elizabeth-80x80.jpg)
![Dr.Newman [middle] being assited by Prof Abotsi [second from right] and Prof Acakpovi [left] to launched the Strategic Plan document photo Okai Elizabeth](https://spectator.com.gh/wp-content/uploads/2026/04/Dr.Newman-middle-being-assited-by-Prof-Abotsi-second-from-right-and-Prof-Acakpovi-left-to-launched-the-Strategic-Plan-document-photo-Okai-Elizabeth.jpg)
THE Accra Technical University (ATU) on Tuesday officially launched its Strategic Plan for 2026–2030 in Accra, aimed at driving innovation and strengthening institutional capacity across key operational areas.
Speaking at the launch, Mr Humphrey Awuletey Williams, Chief Executive Officer (CEO) of Oswal Investments Limited, explained that the strategic plan seeks to respond to emerging challenges while positioning the institution as a forward-thinking leader in development.
He urged the university’s leadership to leverage their expertise to train students to be innovative and produce competitive products for both African and international markets.
According to him, employers increasingly demand competence-based human capital beyond academic certificates to drive development.
Mr Williams commended the Governing Council, Academic Board, Management, and other stakeholders for developing what he described as a ‘formative tool,’ and encouraged them to ensure its full implementation.
The Vice Chancellor of ATU, Mr Amevi Acapkvovi, emphasised that the strategic plan focuses on enhancing operational efficiency and strengthening stakeholder engagement.
“The strategic plan is not just a document, but a commitment to excellence, accountability and progress,” he said, adding that inclusivity is also central to the institution’s operations.
He outlined seven key focus areas of the plan: industry-based education; digital transformation and modernised infrastructure; quality assurance and institutional excellence; industry-driven research, innovation and entrepreneurship; staff development, motivation and welfare; strategic partnerships and increased visibility; and sustainable and green technologies.
Prof. Ernest Abotsi, stressed that the plan must not ‘gather dust’ but should be actively implemented to achieve success.
“Currently, ATU is adopting measures to assess the cost of running the institution, and this plan will serve as a guide to promote the university at every level,” he said.
Stakeholders present lauded the initiative, noting that its clear framework and measurable targets would help track progress and ensure transparency in the institution’s operations.
The university expressed confidence that, with support from partners and staff, the plan would significantly contribute to national development and set a benchmark for excellence in the sector.
The ceremony brought together stakeholders from government, traditional leadership, academia, industry, and civil society.
By Linda Abrefi Wadie
It was an exciting moment as hundreds of revellers from various parts of Accra trooped to the Independence Square beach in Osu to celebrate Easter.
Dressed in all kinds of beach costumes, parents were seen with their children having fun and enjoying the moment.
Others made the best of their outing by engaging in other fun activities.
The revellers engaged in games such as football, ampe, athletics while others just sat, relaxed to release stress amidst music provided by some revellers.
By Lizzy Okai
