The General Secretary of the opposition National Democratic Congress (NDC) Johnson Asiedu Nketia says Vice President Dr Mahamudu Bawumia has become his source of entertainment whenever he’s bored.
His comment comes after the Vice President’s address on why the government went to the IMF for a bailout.
Dr Bawumia accused the NDC of being partly responsible for the country’s current woes.
“The excess capacity payments of GHC 17 billion related to a legacy of take or pay contracts that saddled our economy with annual excess capacity charges of close to $1 billion. These were basically contracted to supply energy to Ghana way in excess of our requirements, but we were obligated to pay for the power whether we use it or not. The excess capacity payments includes GHC 7 billion of payments for gas resulting from the previous government signing an offtake agreement for a fixed quantity of gas with ENI Sankofa on a take or pay basis which was way in excess of what was needed at the time. Not keeping up with the excess capacity payments would have meant throwing the country back into a new bout of dumsor”, he said.
“We were also confronted with a banking crisis as a result of the mismanagement of the banking sector. Ghana’s banking system was on the verge of collapse and not dealing decisively with it would have meant disaster for the economy with millions of people losing their savings”, Dr Bawumia added.
Reacting to the address, Asiedu Nketia said he doesn’t attach any seriousness to speeches rendered by the Vice President.
He said he only listen to Bawumia whenever he wants to entertain himself.
“I listen to Bawumia only when I want to be entertained”, he said.
