Bawumia must disclose cost of cedi redenomination – Mahama

Bawumia must disclose cost of cedi redenomination – Mahama

The National Democratic Congress presidential nominee, President John Mahama, has challenged Dr Mahamadu Bawumia, vice presidential nominee of the New Patriotic Party, to come clean on the cost of the cedi redenomination in 2007.

Despite the fact that cost was disclosed at a press conference by the Bank of Ghana governor at that time, Paul Acquah, president Mahama said he doesn’t know how much it cost the state.

“Up till today, no Ghanaian knows the cost of the redenomination exercise and the same people come and say someone is incompetent, the president said.

“When you redenominated the cedi how much did it cost us?, he asked Dr Bawumia, who was the first Deputy Governor at that time.

“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,” president Mahama said at a rally in the Ablekuma North constituency on Tuesday.

President Mahama added: “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’s comments were in response to Dr Bawimia’s label that the president is incompetent. Bawumia also accused the president of plunging the country into economic crisis.

In November 2007, Mr Acquah said the Bank of Ghana spent a total of $66.2 million – about GH¢62.188 million (¢621.88 billion using current exchange rates) – on the redenomination exercise.


Abu Mubarik/

Prev EC set to announce qualified parliamentary aspirants
Next PPP's Nduom responds to his disqualification by EC [Text]