Bawumia accuses AfDB of cover up for government

The 2016  Presidential running mate of the NPP, Dr Mahamudu Bawumia has produced evidence to back his claims that the African Development Bank (AfDB) recently sanctioned Ghana for non-payment of debt obligations due.  

He has therefore accused the bank for covering up for the government. 

He said a memo from the bank, dated February 17, 2015 and referenced as “Ref: FFCO.4/JA/2015/” is available to that effective.

Speaking through his aide, Anthony Karbo, Dr Bawumia challenged the AfDB to publish the said memo with its reference number in which it claims it corrected the error in announcing the sanctions handed to Ghana.  

He said the AfDB was not being “truthful” because their internal memo was dated 17 February, 2015 and they are talking about an 18 February when they made a mistake and corrected it.  

According to Karbo, it would be better for the bank to explain if there was a reference to that particular document which corrected the said error and questioned: “If the bank was doing some sort of face saving activity for the government. 

Last Tuesday, Dr Bawumia delivered a lecture on the IMF bailout programme and said Ghana has recently been sanctioned by the AfDB for non-payment of debt obligations due.   

Implying that the signature of new AfDB loan agreements, disbursements on all AfDB on-going projects and the granting of any new loans have been suspended until the situation was rectified.

GRAPHIC