President John Dramani Mahama has challenged running mate of the opposition New Patriotic Party (NPP), Dr. Mahamadu Bawumia to reveal the cost of the cedi redenomination exercise in 2007.
Speaking at a rally in the Ablekuma North constituency, President Mahama said since Dr. Bawumia was a Deputy Governor of the Bank of Ghana at the time the cedi redenomination was carried out, he should be able to tell Ghanaians how much it cost government to undertake the exercise.
“Do we remember the cedi redenomination under President Kufuor. During that time, someone [Bawumia] was the Deputy Bank of Ghana and uptill now, even me as a President do not know the cost of the redenomination exercise.
In what appears to be a clear response to the opposition NPP’s claims that he is incompetent, the President also indicated that the party has no right to label him as such when it is unable to give full account of a simple redenomination exercise.
“Uptill today, no Ghanaian knows the cost of the redenomination exercise and the same people come and say someone is incompetent. When you redenominated the cedi how much did it cost us? Simple things like these you cannot tell us and you have the nerve to come and talk about corruption. Look in the mirror and look at yourselves.
“Take the log out of your eye before you point at the mote in somebody’s eye. Only God doesn’t make mistakes. I am human, I am not God. I am not saying I have done so much but I have done what I can and if others say they have not noticed what I have done, God who is in heaven is my witness and he sees the good works NDC has done.”
The erstwhile Kufuor administration carried out a cedi redenomination exercise in 2007.
Government, at the time said the purpose of the exercise was to address past episodes of high inflation rates and other economic challenges.
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