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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
News
President John Dramani Mahama to kick off 2025/26 Premier League season in Accra
The 2025/26 Premier League will officially kick off on Friday, September 12, 2025, at the Accra Sports Stadium, with the President of the Republic, John Dramani Mahama, performing the ceremonial kick-off ahead of the season opener between Accra Hearts of Oak and league debutants Hohoe United.
President Mahama will be joined by Football Association President Kurt Edwin Simeon-Okraku, members of the Executive Council and football fans from across the capital as the curtain rises on what promises to be one of the most exciting campaigns in recent years.
Giants Hearts of Oak will open their quest for a league title when they take on newly promoted Hohoe United under the floodlights of the Accra Sports Stadium. Kick-off is scheduled for 7:00 pm local time (19:00 GMT).
The Phobians, bolstered by new signings and a strong pre-season campaign, are eager to end a four-year run without an opening-day victory, while United will be aiming to make a statement in their first-ever top-flight match.
Before the main fixture, there will be a curtain-raiser between the Black Starlets (Ghana U-17) and Auroras FC, the youth side of Hearts of Oak, at 4:00 pm local time.
Adding to the celebratory atmosphere, top Afro-dancehall and reggae musician Stonebwoy (Livingstone Etse Satekla) will deliver a live performance at the venue, ensuring fans enjoy not only football but also top-class entertainment on opening night.
This season is expected to be one of the most competitive in recent memory, with traditional heavyweights, ambitious newcomers and revitalized clubs all targeting glory. From title races to survival battles, fans are set for months of excitement, drama and unforgettable moments.
News
GES opens promotion applications for teaching staff
The Ghana Education Service (GES) has invited applications from qualified teachers and officers for promotion to higher ranks within the service.
In a notice signed by the Acting Deputy Director-General for Management Services, Prof. Smile Dzisi, the GES said the ranks available are Deputy Director, Assistant Director I, Assistant Director II and Principal Superintendent.
According to the statement, applicants must meet the minimum years of service required for each position.
Teachers seeking promotion to Deputy Director must have been promoted to Assistant Director I in or before 2021.
Similarly, those applying for Assistant Director I should have held the rank of Assistant Director II since 2021 or earlier.
Applicants for Assistant Director II must have been Principal Superintendents from 2021 or earlier, while those applying for Principal Superintendent must have been Senior Superintendent I since 2021 or before.
The GES stated that teachers with approved Master’s or PhD degrees may use their certificates to apply for promotion out of turn if the qualifications meet set conditions.
These include completing an approved course of study and obtaining the certificate after their previous promotion but not later than 2023.
Applicants are to complete the online application form and upload all required documents in PDF format, except for the passport-size photograph.
The application window runs from Thursday, September 11, to Thursday, October 2, 2025. The GES urged all applicants who had applied earlier to re-apply.
By: Jacob Aggrey
