The Member of Parliament for Tamale North, Alhassan Suhuyini, has defended the Mahama administration’s handling of the banking crisis.
The Mahama administration has faced criticism for its lack of action as the rot in the sector built up but Mr. Suhuyini said a systematic cleanup had already begun starting with the report on the sector.
This comes on the back of recent comments by the Vice President Dr. Mahamudu Bawumia, blaming the mess in the sector on what he describes as the weak oversight of the previous government.
The crisis led to the collapse of nine universal banks, 347 microfinance companies, 39 microcredit companies or money lenders, 15 savings and loans companies, eight finance house companies, and two non-bank financial institutions.
On Citi TV‘s Breakfast Daily, the MP claimed the Mahama government did not complete the implementation of the findings because they were voted out of office.
“The first process was to commission a report to find out what was wrong… President Mahama did what he could do by instituting a report to say what was wrong. But before he could fix what was wrong, he lost an election.”
But on the same show, the Deputy Director of Communications for the New Patriotic Party (NPP), Richard Ahiagah insisted that the situation was not a priority for the former government.
“If that was on your radar, you don’t wait and tell me you lost elections. You want to win another election to fix it… you finished the report in 2015 and you had all of 2016. They were busy doing all the things that were convenient for them but for the banking sector, they didn’t fix it.”