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Fact-Check: No Evidence To Back Bawumia’s 15M Bank Accounts Claim

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Head of Research at IMANI Ghana, Patrick Stephenson has discredited Vice President Dr Mahamudu Bawumia’s claim that 15 million Ghanaians have bank accounts due to mobile money interoperability.

Dr Bawumia on Wednesday August 12 while addressing the youth wing of the New Patriotic Party (NPP) stated that many people did not understand what he mean by every Ghanaian will have a bank account.

He explained, “with the triangular feature which mobile money payments interoperability allows; that is the transfer of funds from mobile money accounts to bank accounts and vice versa, as well as from mobile or bank accounts to bio-metric payment card accounts (ezwich), it means that anyone with a mobile account has a bank account. They can make payments out of it and receive interest on their balances.”

“Many people did not and do not understand that we have moved away from the world of branch banking into branchless banking. You can have your bank account on your phone. You can do banking without visiting a bank branch or signing a cheque.

He added, “they were thinking about traditional bank accounts. Well, I can say without any fear of contradiction that as a result of mobile money interoperability over 15 million Ghanaians today (many of whom are unbanked in the traditional sense) have a bank account.

In verifying the claim, Mr Patrick Stephenson insisted there is little evidence to back the Vice President’s assertion.

Speaking on 3FM’s Sunrise show he said, “the subscribers to the service, what kind of service are available for them to use mobile money services for? I use mine just for top-ups because there are all these nice goodies that they give you if you buy airtime from the mobile money wallet…

“That is all that I use mine for and that is counted as a transaction, and, so the idea that somehow we lump all the transactions together and assume that somehow financial intermediations for people who ordinarily do not have access to bank accounts have gone up dramatically is very worrying because somebody is going to use a bank purely for the business of banking – deposit, withdrawals.”

He further affirmed that Dr Bawumia’s claim cannot be accurate considering how he merged 15 million people to mean 15 million bank accounts.

“But here he[Bawumia] has just limited it to ownership of bank accounts. The velocity of the transactions in the bank is a little over 68 or 98000 he talked about.

“So there is very little evidence to support the conclusion the vice president made. Very little evidence to suggest that 15million people mean that 15million bank accounts, it can’t be accurate. It can only point to a certain direction if we understand the transactions that are undertaken.”

Source: GhanaFeed.com

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Second Suspect In Prof. Benneh Murder Trial Has Fallen Sick, Admitted At The Hospital

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Reports garnered by our medium suggest that, the second accused person in the trial of the murdered law Professor of the University of Ghana, Prof. Yaw Benneh has fallen sick.

According to sources, the police prosecutor, Inspector Ebenezer Okuffo, told the Kaneshie District Court that the second suspect, Opambour Badu Nkansah, has been admitted at the Police Hospital.

This follows after the main suspect, James Nana Womba was reported dead, days into the start of the trail.

Source: GhanaFeed.com

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“Odious Hypocrisy At Its Apogee!” – Sammy Gyamfi Fires A Plus & Other Defendants Of Nana Addo’s Daughters

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It has been an explosive past few days in the political terrain after Sammy Gyamfi’s exposé about “My Sister’s Keepers” foundation, an NGO spearheaded by daughters of President Akuffo-Addo.

His allegations has triggered a series of reactions with some NPP supporters also leveling some accusations against sons of former President Mahama.

However, Sammy Gyamfi has clapped back in a beautiful write up attributed to him on his Facebook page.

Read the write up below:

For the records, the GCB cheque to My Sister’s Keeper foundation is dated 22nd May, 2018 (22/05/18), the part with /18/ was not fully captured by the picture we shared, just like the part with the “financial controller” inscription was not fully captured.

Secondly, the GCB cheque/donation of an amount of GHS227,000 was given to My Sister’s Keepers at a time Ray Sowah, Uncle of Rebecca Akufo Addo was Managing Director of GCB.

These daughters of President Akufo Addo have through this foundation, which they incorporated just 6 months after their father became President, collected monies from several Public Institutions.

Public institutions are unable to say no to their requests for funds because of who their father is. The fact that their father is President, puts them in a position to extort monies from public institutions.

We have no means of knowing how much they have collected from Public Institutions since their incorporation in June 2017. And we have no means to ascertain wether those taxpayers monies have actually gone into what they were meant for.

My question to those defending this shameful act is, if Lordina Mahama or the Sons of John Mahama had engaged in this act between 2013-2016, what would they have said? Even when the Lordina foundation was doing charity works with privately-sourced resources, what did they say about her?

If they have a passion for charity and know how to raise funds for same, why didn’t they incorporate this foundation when their father was not President? Do you know how many foundations have been struggling for financial sponsorship from Public Institutions in this country but to no avail?

Odious hypocrisy at its apogee!

We now know that President Akufo Addo is a FAMILY BUILDER and John Mahama, a NATION BUILDER. Ghana needs THE NATION BUILDER.

Source: GhanaFeed.Com

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Dr. Bawumia Donates GH₵ 200,000 To Victims Of Akyem Batabi Building Collapse

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The Vice President, Dr. Mahamudu Bawumia has gone to the aid of victims of the church building collapse disaster that occurred at Akyem Batabi in the Asene Manso Akroso District in the Eastern Region.

Dr. Bawumia visited the location of the disaster as part of his Eastern Regional tour to commiserate with the church and affected families.

He revealed that GH₵ 200,000 bounty has be released to help the families involved.

So far, 30 people have been rescued with 8 survivors and 22 dead.

Meanwhile, the founder of the Church of Prosperity, Prophet Akoa Isaac, was on Saturday, October 24, 2020, granted police enquiry bail after his arrest on Friday, October 23, 2020.

Source: GhanaFeed.Com

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