News
Mahama must understand Banking sector clean-up before commenting – Bawumia
Flagbearer of the New Patriotic Party (NPP) and Vice President of Ghana, Dr.Mahamudu Bawumia has jabbed former President, John Dramani Mahama over the banking sector crisis.
“I’ll ask the former president if he hasn’t read, to go and read the receiver’s report or the BoG’s report and acquaint himself before making any further comments on matters he clearly doesn’t understand,” he said
Addressing Ghanaians during the Media Encounter on Sunday, August 25, he said, the former President needs to get an understanding before making further comments, adding that he cannot hand over a bank’s licence to them, this is subject to legal procedure.He said, “We saved the deposits of 4.6 million bank depositors who really were going to lose their deposits if those banks were not saved. I don’t understand whether the former president has taken his time to understand the banking sector. Some atrocious things and this is why these banks had to be saved.”
Dr.Bawumia further added, “They were not collapsed, they were merged into other banks and no banking depositor lost 1 cedi, everybody maintained. But very bad things happened, some of the banks broke all the rules and extended loans way above the single obligor limits.”
“They were given, in some cases 1 billion by the Bank of Ghana to help them out of the mess and they only got deeper into the situation. Other banks were given capital to save the situation, and they used that money to set up Capital Bank, instead of rescuing the problem that they had. They took the money from the central bank and set up another business which also collapsed. Some took money and invested in private properties,” he added.
Dr.Bawumia concluded that “So, it was against this background the governor came to report, and this was one of my nightmares in the last eight years. Most people didn’t understand how close we were to a collapse of the entire banking system. This is how we had to merge many of these banking sectors into other banks and we saved 4. 6 million depositors.”
By Edem Mensah-Tsotorme
News
Oguaa indigenes urged to unite to develop area
Photo Credit: myjoyonline.com
Rich Akan traditions of Fantes and Asantes were the highlights of the celebrations of this year’s Fetu Afahye of the chiefs and people of Oguaa Traditional Area (Cape Coast) which was climaxed last Saturday with a durbar.
Beyond the glitz and splendour was the showcasing of different forms of traditional regalia amidst rich cultural displays of unique Fante and Asante ensembles, both demonstrating distinct Ghanaian identities in unanimity.
Tekua, a Fante traditional hairstyle won by a generation of Fante women caught the attention of a number of the celebrants.
The attendance of Asantehene, Otumfuo Osei Tutu II, took the joy and excitement a notch higher with frenzied atmosphere to welcome him.
The Asantehene who attended the programme by a special invitation from the Omanhen of the Oguaa Traditional Area was accompanied by a large retinue of chiefs from Asanteman.
The Fetu Afahye is a cultural celebration by the people of Oguaa, drawing both locals and visitors from across the country and beyond.
It was held to mark a bumper harvest season and to thank the 77 deities of the Oguaa Traditional Area.
This year’s edition marks the 60th to be held after its suspension.
It also marked the 25th anniversary commemoration of the enthronement of Osabarimba Kwesi Atta II as the Omanhen of the Oguaa Traditional Area.
There was display of rich traditional dances by the various Asafo companies from the Mfantsipim School junction to the Jubilee Park for the durbar.
This year’s event attracted political figures such as Vice President Dr Mahamudu Bawumia, who doubles as the Presidential Candidate of the New Patriotic Party (NPP) and his running mate, Dr Matthew Opoku Prempeh and other leading figures of the party.
The Vice Presidential Candidate of the National Democratic Congress (NDC), Prof Naana Jane Opoku-Agyemang and other leading members of the NDC also attended the event.
From David O. Yarboi-Tetteh, Cape Coast
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News
Suicide cases high among JHS/SHS students: MHA calls for immediate action to curb menace
The Mental Health Authority (MHA) is calling for immediate solutions to address the alarming prevalence of suicide cases among Junior and Senior High School students.
According to the Authority, it was crucial to pay attention to such children as studies in Ghana are showing a high prevalence of suicidal behaviours among students.
This came to light at a symposium in Accra on Tuesday to mark the World Suicide Prevention Day (WSPD).
It was held on the theme “Changing the narrative on suicide with a call to action; start the conversation.”
Speaking at the symposium, the Chief Executive Officer (CEO) of the Authority, Professor Pinaman Appau said alarmingly, the prevalence has been reported to be higher among Junior High School students compared to those in the Senior High School.
She said various studies including a 2023 edition conducted by Azazu and Joe found that there was prevalence of 20.4 per cent of suicidal thoughts, 23.4 per cent for suicidal planning, and 28.4 per cent for actual suicide attempts among these groups of school children.
She mentioned bullying, abuse especially physical and sexual, neglect, substance use, family poverty, adolescent conflict with parents, corporal punishment and poor academic performance as causes leading to suicidal thoughts.
Again, factors including previous attempts, mental illness, gambling, financial and job crisis, chronic illness and pain, criminal or legal and impulsive behaviour can also lead to suicide.
Prof Appau said the challenges faced with addressing suicide issues were multifaceted and complex, adding that people grapple with stigma surrounding mental health issues, limited access to mental health services and a lack of general awareness of suicide prevention strategies.
She said the challenges were further compounded by deepening socio-economic challenges in societies such as the harsh reality of economic hardship, unemployment and social instability.
Dr Appau mentioned that the rippling effect of suicide leaves behind a trail of grief, guilt, and unanswered questions, saying, the economic cost of suicide attempts in terms of health care expenses and loss of productivity places additional burden on the country’s strained resources.
She said a total of 81 persons have committed suicide in 2024 with 543 attempts across the country, adding that the figure indicates an alarming increase compared to the 594 attempts and 48 completed cases recorded in 2023.
Regionally, Greater Accra, Eastern and Central regions recorded the highest numbers of suicide attempts for the first half of the year 2024, with most completed suicides occurring in the Greater Accra region.
Prof Appau has therefore called for a concerted effort to resolve and change the narrative by engaging stakeholders including security and media personnel, to create nationwide awareness and education through various media platforms.
By Jemima Esinam Kuatsinu
