Probably buoyed by his ambitious desire to partner Mahama and to give the NDC's candidate gratification, Dr. Johnson Asiama has responded to Gabby AsareOtchere-Darko's erudite rendition on the causal factors behind the collapse of the banking sector under the erstwhile John DramaniMahama administration.
The astute politician placed the blame at the doorsteps of those who were at the helm of affairs at the Bank of Ghana as well as the NDC administration. These prosaic and matter-of-factly conclusions appear to have rattled Mr. Asiama, the former Deputy Governor of the Bank of Ghana, prompting a response.
Mr. Otchere-Darko urged those who have lost their jobs as bankers to vent their anger at the opposition NDC since they supervised the mess in the sector.
For someone who set out to dismantle the points Gabby articulated in his piece, one would have expected that he would not resort to personal attacks but would introduce facts and figures which could deaden the efficacy of what Gabby espoused.
Dr.Asiama rather used anecdotal representations to ferry his message across. In choosing to do so, he ended up mixing apples with oranges. As a matter of fact, Dr.Asiama went millions of miles off the mark. He could not abduce a single point potent enough to send Gabby Asare Otchere-Darko into a coma.
He, largely, indicated that they (Asiama and the other Governors) had diagnosed the problems militating against the banking sector and the causal factors and were in the process of solving them until they were ousted out of the blue.
Dr.Asiama states that but for the fact that they were relegated to the sidelines, the challenges incidental to the banking sector would have become a relic of the distant past.
He also alleges that the methodology applied to salvage the sector is too costly for the nation and that they would have used a far less expensive module to kill the germs eating away the banking sector.
Dr.Asiama's response is deficient in a lot of ways. He was disingenuous in creating the impression that the problems came to them at the tail end of their reign, and, therefore, there wasn't enough time to fix them. For the records, the NDC was in power for eight years, and if indeed they had any competence to handle the problems, they would have done that.
The unimpeachable fact is that this same Dr.Asiama and his colleagues governors birthed these very problems. The banking sector was engulfed in skank simply because Dr.Asiama, who now arrogates to himself the moral high ground to criticize Gabby and the managers at the central bank, were simply incompetent.
In his submission to Gabby's piece, he sought to suggest that they started introducing some practical measures to stem the rise of the problems. That assertion takes a beaten from the resultant outcomes of such measures.
Pumping and injecting cash into the distressed banks without supervising their activities led to the downhill spiral of those banks. It was tantamount to pouring water into sand, it will seep into the ground as fast as possible.
Dr.Asiama, per the analogy he used to respond to Gabby, was only suggesting that blood syrup was used as a cure for malaria. His analogy was inconsistent with the issues Gabby AsareOtchere-Darko captured in his write-up.
There appears to be logical incoherence between Dr.Asiama's role as one of the architects of the mess witnessed in the banking sector and the solutions he says they found which they could never implement.
Dr.Asiama's wanton malignity in his response to the issues Gabby raised is borne out of his consuming desire to back John DramaniMahama as the vice presidential candidate for elections 2020. He betrayed his intelligence, loath as I am to put it in such a tart manner.
P.K. Sarpong, Whispers from the Corridors of the Thinking Place.
Source: P.K. Sarpong / [email protected]
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