The banking sector clean-up exercise that was undertaken by the Bank of Ghana (BoG) was done to target a group of people, a professor at the University of Ghana Ransford Gyampo has said.
In his view, the exercise that led to the collapse of some nine domestic banks was done with hatred and envy.
Prof Gyampo said these on the Key Points on TV3 Saturday, November 11 while commenting on the election of Vice President Dr Mahamudu Bawumia as flagbearer of the NPP.
Discussing the chances of Dr Bawumia winning the 2024 elections, he said “The election of Dr Bawumia as the flagbearer of the NPP presents a certain uphill task in the party’s attempt to break the 8, I am not saying it cannot be done but it is difficult, particularly being able to tout your track records.
“Dr Bawumia must also be touting his track record in a manner that sounds convincing to Ghanaians. He must be able to tell us there are things he cannot do today even though he promised he was going to do them, he cannot do them today but tomorrow if we give him the mandate he will do them.
“Finally, it is how he is able to tell us that upon his own sober reflection and introspection of our living conditions, things are better today than they were before 2016. The essence of governance is to solve problems, not to dance around problems and prefer explanations to why the problems exist.
“For the first time you work and you get money in your hands and you don’t know whether to keep the money under your bed like Cecilia Dapaah or you should go and dig somewhere in your bedroom because you don’t trust the banking system.
“The banking sector cleanup was done with hatred and envy and it was done with super incompetence. You don’t spend more to achieve little.”