Audio Attachment:Listen to Dr. Mahamudu Bawumia |
Seven billion Ghana cedis is missing from State financial coffers, Vice President Dr. Bawumia has revealed.
The Vice President, Mahamudu Bawumia, addressing a gathering at the Launch of the "Good Corporate Governance Initiative" at the Kempinski Hotel in Accra, was alarmed by the level of misappropriation that characterized the previous government.
According to him, as the new government makes preparation of the budget for the 2017 fiscal year; there's a huge concern regarding how the country's finances have been mismanaged.
He quoted that Ghana's economy could not thrive well without a proper economic data on the country's revenues and expenditure.
Dr. Bawumia therefore made a shocking disclosure that as the government "interrogated the data to see exactly why our public finances are in the state they are, we found out that there is GHC 7 billion of expenditures that have not been disclosed. And I'm talking 7 billion [so] in the year 2016 and these come from 2014, 2015, 2016."
"So, where have they been hiding all these years and how are you supposed to manage an economy with faulty data?" he rhetorically asked.
In view of this, the Vice President indicated that the government has implemented some measures to check the indiscriminate expenditure in the country.
"We've done a lot of Auditor General reports and they're gathering dust. And the reports have so much billions of cedis that need to be refunded to the State and we've not pursued a lot of these reports...So, I've asked for some work to be done.
"...we also need a lot of integrity. In the management of any economy, there's nothing that can beat the integrity of your economic data because it's with data that you plan. If you don't have data, you have major problems and this is why we really need to emphasize the integrity of data," he said.
He reinforced the need for accountability and transparency in State coffers, saying "we've been less than a month in office but we've taken some steps to accelerate the implementation of some measures to ensure accountability, transparency and integrity in the government. There's a lot more to do."
Source: Ameyaw Adu Gyamfi /Peacefmonline.com/Ghana
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It is all Clear that Bawumiaaa is absolutely confused after winning Elections, so he would continue his politics..... All these is bullshit... and the illiterate NPP supporters would follow him.. because they dont know ***barred word***.........
From all indications this gov't is ready for a world class economy they promised,i can't wait to see the beauty of their govenance.Long live NANA/BAWUMIA,God bless Ghana.
For all those empty saw DUST NDC GOOD FOR NOTHING COMMENTATORS ON THIS FORUM ; before you can fix anything including this massive NDC robbery led by Jon Mahama ; you first have to do a credible audit of the current position and find out how huge the deficit is before you start proposing SOLUTIONS TO THE PROBLEMS !!!!!!: YOU DO NOT START SOLVING PROBLEMS WHEN YOU DO NOT KNOW THE EXTENT OF THIS MASSIVE FRAUD AGAINST THE PEOPLE OF GHANA !!!!!!!!; YOU FIND OUT WHAT THE PROBLEMS ARE FIRST ; the deficit as identified amounts to blatant stealing and fraud by Jon Mahama and the NDC ; unnecessary projects without a cost/benefit analysis ; over invoicing/inflated cost and giving contracts to cronies and families ; projects not fit for purpose and incompetent management of projects ; blatant diversion of state funds as judgement debts ; buying cars and giving them as gifts to girlfriends and Chiefs and failure of Jon Mahama and his bunch of Ali Baba and the forty ***barred word*** to collect the appropriate taxes ;so the question is what should Nana Addo do when confronted with such faeces of data ; the first initiative is to find out who have perpetuated these evil acts of wrecking the country with this huge debts ; all sole sourcing contracts should be reviewed and payments STOPPED !!!!!!; where necessary all contracts including this AMERI contract should be REVIEWED ASAP and re-negotiated like Donald Trump is doing in the US because that is what the PEOPLE VOTED FOR !!!!!!; if a contract is not in the interest of Ghana ; the contract should be reviewed and if Ghana has incurred unnecessary cost ministers should jailed !!!!!!; those ministers involved like OPUNI and others be prosecuted ASAP !!!!;a diplomatic initiative to the US and UK embassy to withdraw all visas of named NDC ministers who may attempt to run way should be STOPPED ; in SHORT a DONALD TRUMPAIN THEORY OF TAKING ACTION AGAINST ALL THOSE WHO HAVE STOLLEN OUR MONIES AND THEIR ASSETS AND PROPERTIES SEIZED NOW !!!!!!!because WE NEED to drain the KORLE LAGOON OF ***barred word*** NOW of all CULPRITS involved in LUTTING STATE ASSETS AND CASH !!!!!!!; NANA ADDO SHOULD APPLY THE DONALD TRUMP TREATMENT NOW !!!!!!!!: SACK AND ARREST ALL NDC THIFFS NOW !!!!!!
This guy is a dumb, he has been used and duped, lonely Bawumia
Go ahead and prosecute anyone involved if you are truthful, we all know you are a liar.
Bawumia preparing grounds for an escape rout from his numerous promises. He will later tell Ghanaians that 7 billions was missing and that was what he intended to use for for the fulfilment of his unrealistic promises. He trying to play smarter. Didn't Bawumia tell Ghanaians during the campaign that he has all Ghana data on his finger tips and that there is more money to do all his free, free,free? No wonder Osarfo Marfo has taken over the mantle from this fooooooool.
all those attacking Bawumiah are all fuuuuls he is telling those of you who supporting the create, luut and share ndc how destructive and wicked you people have being to this nation. Mind you the independent prosecutor would jail most of them and recover our moneys for us and don't complain of witch hunting because every witch would be hunted , ***barred word*** ***barred word*** cr1minal ndc kwashia buuuuului juloi
My question to Akuffo Addo government if it turns out the money is not missing but misappropiated will they come back and tell the public the TRUTH? Cut this BEHAVIOR you hold PhD which in Ghanaian terms you're intelligent so don't behavior asuch. Act maturely as its been done in developed world. Those you guys are copying democracy don't behave that way.Grow up with wisdom not book knowledge.
I can't wait for the independent prosecutor to commence work. Posterity is watching!
A comprehensive report on the state of the economy so that we will know the holistic amount misappropriated is better than this drip feed thing you're doing.