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Bawumiah
is NPP VP choice - Nana Addo
Accra, Aug. 15, Ghanadot/GNA – New
Patriotic Party (NPP) Flag Bearer, Nana Addo Dankwa
Akufo-Addo has chosen Dr Mahamudu Bawumiah, a Deputy
Governor of the Bank of Ghana, as his running mate for
Election 2008, the Party has announced.
A statement by Nana Ohene Ntow, NPP General Secretary, said
Nana Akufo-Addo named Dr Bawumiah for the position at a
meeting of the Party's National Executive Committee (NEC)
that ran overnight from Thursday.
Dr Bawumiah, 45, would be formally introduced at the NPP
delegates’ congress at Sekondi on Saturday.
The naming of Dr Bawumiah puts to rest media speculations
about who becomes the running mate.
Ahead of the midnight announcement, several names, including
Hajia Alima Mahama, Minister of Women and Children’s
Affairs; Dr Mohamed Ibn Chambas, President of ECOWAS
Commission; Alhaji Adam Zakaria, Principal of the Bagabaga
Training College in Tamale; and Alhaji M.N.D Jawula, Former
Chief Director of the Ministry of Health, had been mentioned
as potential nominees.
Dr Bawumiah, an economist, is the son of veteran politician,
Alhaji Mumuni Bawumiah, onetime Chairman of the Council of
State and a Former Chief Executive of the Ghana Cocoa Board.
Dr Bawumiah rose to the position of a Deputy Governor in
2006 after serving as the Head of the Monetary Policy and
Financial Stability Department of the Bank.
He is currently Chairman of the Capital Market Committee and
spearheaded the strategy for accessing the international
capital markets with last year’s debut 750 million dollars
that was over-subscribed.
He was also responsible for drafting the financial sector
component of the Millennium Challenge Account Compact, which
yielded 547 million dollars for the financing of its
projects.
Dr Bawumiah is credited with policy initiatives such as the
abolition of secondary reserve requirements and the opening
up of the banking sector for competition.
He was part of a government team that negotiated with the
World Bank and the International Monetary Fund on various
government initiatives, including the HIPC, when the NPP
assumed power in 2001.
Dr Bawumiah is married and has three children.
GNA
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