General Politics

NPP doing well on joblessness, nepotism and corruption – Kpessa-Whyte

Dr Michael Kpessa-Whyte, former Executive Director, National Service Scheme, has taken vice president Alhaji Mahamudu Bawumia to the cleaners over the current state of the national economy.

Making reference to some remarks of the second gentleman of the state during the Mahama led-administration era, he questioned how well he and the incumbent government have managed the economy.

He said, “Dr. Bawumia in his own words then. Now Vice President of Ghana and the economy appears to be on life support in the intensive care unit.”

“His government is doing well in joblessness, corruption, collapse of local businesses, cronyism, nepotism, and senseless taxation,” he tweeted.

Dr. Whyte’s criticisms comes at the time when the country is struggling to stabilize the local currency which is currently being sold at GHc 4.96 for 1 dollar.

The Bank of Ghana about in August revoked the licenses of five universal banks, namely, Royal Bank, Construction Bank, Sovereign Bank, Unibank and BEIGE Bank.

According to the central bank, the action was taken due to the inability of some of the banks to meet existing minimum capital requirement.

Some of the troubled banks also faced liquidity issues while others obtained their licenses through dubious means.

See post below.


 

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