Bawumia's $250 allegation does not make sense – Ametor

Read Article

Comments (21)

This article is closed for comments.

Read Comments Comments (21)

PRINCE KWASI ADADE ( OFIE P33 ) 9 years ago

DR BAWUMIA ,THE PROPHET, ON THE $250 MILLION NDC TOOK OUT OF THE $1BILLION EUROBOND FROM BOG AND DEPOSITED FOOLISHLY & NONSENSICALLY AT THE UNITED BANK OF AFRICA (UBA)--------READ BELOW------ Beyond the issue of legality, the ...
read full comment

DR BAWUMIA ,THE PROPHET, ON THE $250 MILLION NDC TOOK OUT OF THE $1BILLION EUROBOND FROM BOG AND DEPOSITED FOOLISHLY & NONSENSICALLY AT THE UNITED BANK OF AFRICA (UBA)--------READ BELOW------ Beyond the issue of legality, there is the issue of prudence in the management of Ghana’s resources. How do you go and borrow money for 10.75% (US dollar) and give it to someone to lend it to you at over 20% (GHC)? In effect you are paying over 30%! Assuming stable exchange rates, Ghana will be paying additional interest of at least $50 million a year on this transaction. It really is reckless. The government is claiming that the funds were “idle”. Really? What does that mean? Why do you borrow funds and pay interest on it if you do not have use for them at the moment? It is clear that the GIIF does not have a portfolio of projects ready to invest in and it is weird to allocate a whopping sum of $250 million to them at this time. Is the Minister aware that the country owes N-Gas some $100 million? What about other contractors who are owed money by the government? How can you owe so much, have so much to do and yet claim to have “idle” borrowed funds? The allocation of such an amount to a private bank also has major macroeconomic consequences for a relatively small economy like Ghana. It increases the deposits of the banking system and ultimately the money supply. It has inflationary and exchange rate depreciation consequences and would make it more difficult for the government to meet its inflation target. I am surprised that the government is oblivious of these consequences. The Funds should stay at the Bank of Ghana. After all the Bank of Ghana, on its own or through its external fund managers of the caliber of internationally reputable banks like UBS, JP Morgan, Citibank, Merrill Lynch etc. can undertake whatever investment of the country’s foreign exchange that the government would like it to undertake
facts 9 years ago

Bawumia told no lie since Tekper accepted the transfers. The dispute is Tekper does not accept that it was a wrong deal. If there is anything to say let us all understand who is right or wrong.

Bawumia told no lie since Tekper accepted the transfers. The dispute is Tekper does not accept that it was a wrong deal. If there is anything to say let us all understand who is right or wrong.
Oye Onye Kwasi Att 9 years ago

He telling lies for cheap political gains

He telling lies for cheap political gains
Ice cool 9 years ago

Stupid and senseless man from the evil party NDC. Vote them out useless NDC party idiot mahama administration.

Stupid and senseless man from the evil party NDC. Vote them out useless NDC party idiot mahama administration.
osei Boateng 9 years ago

Vote ndc out party of liars and thieves.they came to loot and share

Vote ndc out party of liars and thieves.they came to loot and share
Amega 9 years ago

What kind of advice does this Amettor Quarmine give NHIS? And does he even sit done in office to do any meaningful work?

What kind of advice does this Amettor Quarmine give NHIS? And does he even sit done in office to do any meaningful work?
odiMr true of SA 9 years ago

The man has given two examples of Bawumia lies and u guys are insulting him

The man has given two examples of Bawumia lies and u guys are insulting him
TM's 9 years ago

Now all the brains are in NDC . . ....tweaaa, since when , there isn't any 1st graduate in NDC hence many unsolved issues. Dropout n 3rd class brigades. ...challenge me if there is even 2nd class lower in NDC

Now all the brains are in NDC . . ....tweaaa, since when , there isn't any 1st graduate in NDC hence many unsolved issues. Dropout n 3rd class brigades. ...challenge me if there is even 2nd class lower in NDC
Sd 9 years ago

Your a FULL . Technically within law but an idiotic practice get a loan transfer money out get paid peanuts interest then take money back for bonds and pay extortionate interest so bank makes millions when it should be govern ...
read full comment

Your a FULL . Technically within law but an idiotic practice get a loan transfer money out get paid peanuts interest then take money back for bonds and pay extortionate interest so bank makes millions when it should be government making money or even seriously investing?
Kortsma, USA 9 years ago

They deny anything dubious act they do yet they deny.heartless people who are only seeking what they will steal

They deny anything dubious act they do yet they deny.heartless people who are only seeking what they will steal

Mamamia - USA 9 years ago

You are just a bush animal ( gbemela ). Talking nonsense all the time, as if you were not naturally born, but dug from the ground. Idiot. You are just occupying space in this world...

You are just a bush animal ( gbemela ). Talking nonsense all the time, as if you were not naturally born, but dug from the ground. Idiot. You are just occupying space in this world...
Addo Evans 9 years ago

Nonsense you thieves how can it make sense to you evils

Nonsense you thieves how can it make sense to you evils
Solomon 9 years ago

You can talk but we no the truth

You can talk but we no the truth
George 9 years ago

it doesn't make sence to him because he is an ewe refusing the truth.

it doesn't make sence to him because he is an ewe refusing the truth.
Gyeeda, Sada, Suba,Bus Branding Woyom 9 years ago

John Mahama must be impeached now!!

STUNNAD is calling on members of parliament as a matter of urgency to save Ghana from eminent collapse, by commencing the impeachment process of President John Dramani Mahama over ...
read full comment

John Mahama must be impeached now!!

STUNNAD is calling on members of parliament as a matter of urgency to save Ghana from eminent collapse, by commencing the impeachment process of President John Dramani Mahama over what we tagged, 'gross misconduct.' When a naked man promises to offer shirt, then we must be careful. When the chief thief begins to cry that his subjects are stealing properties and monies, then the society is at the verge of collapsing. If President Mahama is now shouting of fighting corruption in his government, then Ghanaians should know that they (NDC) have 'finished the country'. Because the crying baby himself is the problem…..PRESIDENT MAHAMA IS MORE CORRUPT THAN ANY MEMBER OF HIS GOVERNMENT. We want to ask Mr. John Dramani, the youthful president, why the Office of Government Machinery (The office of the President), in 2012 spent in excess of GH¢600 million or ¢6 trillion above its approved budget? What did the office of the President spend this money on? We want to know why the Social Protection Programs (SPP) spent over GHC 700 million or ¢7 trillion? The nation needs answers why and how the Ministry of Youth and Sports last year spent over GH¢300 million above its budget. Is it also true that NADMO spent over GHC 300 million cedis just in the last quarter of 2012? Ghanaians are skeptical about President John Mahama's commitment to fight corruption. Indeed, two of the most controversial international transactions associated with this government, or any other government of the Republic for that matter, the $10 billion STX housing deal from Korea and the Embraer 190 Jet and the accompanying $17 million hangar from Brazil were both led by him in his capacity then as Vice President.
It has been alleged without any response from the NDC government, that functionaries of the NDC received at least US$ 1 million dollars in bribery payments from TAQA, the United Arab Emirates based majority shareholder of the Aboadze thermal plant. According to Peter Barker – Homek, the CEO of TAQA at the time “the authorization to triple its output was obtained by inflating the official price of the expansion works” and then paying part of the surplus to government officials. The late President Mills referred to the Armajaro cocoa smuggling case. As early as the second year of the Mills/Mahama administration, Vice-President John Dramani Mahama helped Armajaro to get back their suspended cocoa trading licence, even though the matter shocked the late President Mills and Ghana so much that it merited mention in a state of the nation address. The matter of British Foreign Office officials lobbying then Vice President John Mahama to drop the case raised serious questions in the UK. Yet Ghanaians have been denied an investigation of exactly what motivated the move against the collective interest of Ghanaians.
President John Dramani Mahama led the processes that committed Ghana to the purchase of the grossly bloated Embraer 190 Aircraft and hanger purchase. In 2008, the Armed Forces had negotiated to acquire a hangar at USD5m. Two years later, Vice President Mahama returns from Rio de Janeiro with a cost of USD 17m, a whopping difference of USD12m. We are told that an extra fuel tank on the Aircraft cost USD8m even as the staircase was said to be worth USD1m.
The NDC Government of President Mahama is yet to deny the categorical assertion by former Attorney-General Martin Amidu that President Mills agreed to an investigation of the then Vice President. We are told that under pressure, a three-man committee headed by Mr. Aboah never saw the light of day even though it had terms of reference drafted to investigate the inflated aircraft purchase.
In the same year 2010, Vice President Mahama secretly wrote to the Pierson Capital Group, prepared to commit Ghana to international loan exposures without the knowledge of President Mills. After vehemently denying the letter as a forgery and threatening an investigation by the CID, the Vice President's Office lamely admitted authorship but yet again without explanation about the then Vice President's motives. We are told for the months of October and November 2012 alone, that was two months to the elections, President John Mahama approved and oversaw the reckless dissipation of state funds to the tune of GHC 500 million (5 trillion old cedis). This amount was spent by President Mahama ostensibly on projects such as renovating his office, and for “special operation”. On “special operations” for example GH¢ 3 million (thirty billion old cedis) was released, and GH¢ 3,111,844.66 was paid as “allowances for staff of the Electoral Commission”. So we are not so surprise to watch Dr. Afari Gyan to state shamefully in Supreme Court that there is 'classical definition of over-voting'.
On October 1, 2012, the National Security Council Secretariat received a whopping GH¢ 4,452,450 on “goods and services”. Intriguingly, the request was made on the 1st of October 2012 and the same amount was released on the same day from Account number 2210106.
Similarly, on October, 12, 2012, GH¢ 100,000 (1 billion old cedis) was disbursed from Ghana's coffers for “payment of special allowances”. Fast forward to 21st November, 2012, another GH¢ 3, 000,000 (30 billion old cedis) was disbursed from account number 2111001 for again “special operations budget”. On the 29th of October, 2012 from account number 2210106, payment of GH¢ 1.5 million was made for “goods and services” but was diverted for the rehabilitation of the Mr. Mahama's office. Tactical Corruption!
There is a total failure of leadership, even as insecurity, unprecedented corruption, palpable impunity, massive unemployment and hunger has stalked the land. Corruption is all over the land: you can feel it, smell it, hear it, read it, watch it, and embrace it! President Mahama is a bad example to youth of the nation, he must be impeached.
According to the constitution of Ghana Article 69 talks about removal of president if he is found in accordance with the provision of this article (a) to have acted in willful violation of the oath of allegiance and the presidential oath set out in the Second Schedule to, or in willful violation of any other provision of, this Constitution; or (b) To have conducted himself in a manner- i. Which bring or likely to bring the high office of the president into disrepute ridicule or contempt ii. Prejudicial or inimical to the economy or the security of the state;
Here is the reason:
The scale and scope of stealing, looting, and fraud is riveting to the eyes. One can literally hear the screams of corruption in the banner headlines of the dailies. scandals relating to, SADA ASONGTABA, ISOFOTON, GYEEDA and SUBAH and the over a US$100 million oil revenue loss between 2011 and 2013 as reported by the Public Interest & Accountability Committee with total loss of Ghc5 billion under John Mahama government. This then is the MAHAMA record. Inappropriate use of funds and tender fraud, outright theft, gross extravagance and wastage, inappropriate expenditure etc, etc are sapping the economy and have created an artificial boom, as money that should have gone into infrastructure, maintenance, employment for the jobless, homes for the poor and numerous other fundamental structural elements are being used to buy state banks for family and friends.
The health services have collapsed completely, the country is not performing, the ship is sinking due to poor leadership. We urged all Ghanaians to drop petty sentiments “the hour has come for well wishers to save the ship of the nation from wreck under the leadership of the John Dramani Mahama." The country is broke because the NDC regime has emptied all the treasuries.
To stop any possible attempt of coup d'état, the parliament must act quick to save the nation through constitutional means.
SIGNED….
CHRIS ARTHUR, NATIONAL PRESIDENT- 0541173031 (KNUST-TESCON PRESIDENT)
EMMANUEL FRIMPONG – 0247206432 (TESCON-UCC PRESIDENT)
SHAIBU SUMUILA – 0244049250 (GARDEN CITY UNIVERSITY TESCON PRESIDENT)
ELVIS OSEI BEDIAKO – 0248742871 (CHRISTIAN SERVICE UNIVERSITY TESCON PRESIDENT)
EMMANUEL ARTHUR- 0206926117 (TESCON UDS-NAVROGO PRESIDENT)
KEM EYIFAH MINTAH -0547616091 (TESCON PRESIDENT- GIMPA)
SHADRACK OFOSU- TESCON PRESIDENT, AGOGO PRESBYTARIAN UNIVERSITY
INNOCENT OSEI - 0241875573)
GLORIA OWUSU- ANSAH 0206622189
Degraft Benjamin 9 years ago

Only the truth will stand at the end of the day

Only the truth will stand at the end of the day
Tommy Thomson Tanyigbe 9 years ago

stupid, Ametor, today you are consultant to NHI, fool, do you know how it came about? what Dr ever said which is not true? this IDIOTS are the people who are deceiving Mahama. becos all this idiot are from Togo, so, bad or no ...
read full comment

stupid, Ametor, today you are consultant to NHI, fool, do you know how it came about? what Dr ever said which is not true? this IDIOTS are the people who are deceiving Mahama. becos all this idiot are from Togo, so, bad or not they don't mine, FOOL
inercycl 9 years ago

If what Bawumia alleges does not make sense to Ametor, he should go and ask Nana Ato Dadzie, presidential staffer to JJ.The year was 1999.Where was Ametor? Ato Dadzie though neither a governor of BOG nor Finance minister, suc ...
read full comment

If what Bawumia alleges does not make sense to Ametor, he should go and ask Nana Ato Dadzie, presidential staffer to JJ.The year was 1999.Where was Ametor? Ato Dadzie though neither a governor of BOG nor Finance minister, succeeded in transferring huge sums of monies from BOG to various banks in this country, notably GCB and The Trust Bank.Of course with the help of the Governor and finance minister. Nobody raised any alarm as Bawumia is doing now.Before they handed over to Kuffour, they had cashed out all these sums.First they called it "end of service benefit".... something JJ had banned years earlier. Chunks of money as ESB?Why was the Kuffour administration complaining soon after taking office that the vaults of the BOG had been depleted! We don't take our history seriously, the reason we repeatedly make the same mistakes over and over again.We are even lucky the money has been transferred to a local bank account. It could have been secretly lodged into a foreign bank account, perhaps the very countries the money was raised..#serlomey@ court computerisation aid.USA
Haddle Alhassan 9 years ago

Dr. Bawumia must know that he is a Muslim and that he should not lied to Ghanaians because he want to be vice president. Again he must remember that all these lies he will be accountable to it.

Dr. Bawumia must know that he is a Muslim and that he should not lied to Ghanaians because he want to be vice president. Again he must remember that all these lies he will be accountable to it.
NPP KWASEAFUO PARTY. NPP JIMIFUO KUO 9 years ago

NPP kwaseafuo, why don't you go to court? Go to court if you think you have case. Fucking dummies.

NPP kwaseafuo, why don't you go to court? Go to court if you think you have case. Fucking dummies.

NPP KWASEAFUO PARTY. NPP JIMIFUO KUO 9 years ago

BAWUMIA BALAWU BULUUU

BAWUMIA BALAWU BULUUU

21 Comments

Welcome,

SIGN IN

Welcome,

RESET PASSWORD

Hello,

Terms and conditions

REGISTER

Bawumia's $250 allegation does not make sense – Ametor

Read Comments .st0{display:none;fill:#14BDD3;} .st1{display:none;} .st2{display:inline;fill:#FC0F0F;} .st3{display:inline;fill:#FFFFFF;} .st4{display:inline;fill:none;stroke:#000000;stroke-width:6;stroke-miterlimit:10;} Comments (21)

Read Comments Comments (21)