National Communications Director of the ruling New Patriotic Party (NPP), Lawyer Yaw Buabeng Asamoah, has urged Ghanaians to be careful the kind of banks they invest in.
According to him, banks will continue to exist in the country but the responsibility lies with the depositor to do background checks before investing in a specific bank.
Contributing to a panel discussion on Peace FM’s "Kokrokoo", he advised Ghanaians to be vigilant and make proper investments stating emphatically that "there is no business that will give unreasonable excess interest or profit to customers".
He further urged Ghanaians to be wary of businesses that "sweet-talk" them with promises of making huge interest rate on transactions.
“From R5 to PIRAM, BAMASK Farms, US Tilapia, DKM, Menzgold…We should learn something from all these examples…Before you trust any bank to deposit your money, you must do proper checks and be convinced that they have all it takes to protect your money," he stated.
Watch Full Below:
According to him, banks will continue to exist in the country but the responsibility lies with the depositor to do background checks before investing in a specific bank.
Contributing to a panel discussion on Peace FM’s "Kokrokoo", he advised Ghanaians to be vigilant and make proper investments stating emphatically that "there is no business that will give unreasonable excess interest or profit to customers".
He further urged Ghanaians to be wary of businesses that "sweet-talk" them with promises of making huge interest rate on transactions.
“From R5 to PIRAM, BAMASK Farms, US Tilapia, DKM, Menzgold…We should learn something from all these examples…Before you trust any bank to deposit your money, you must do proper checks and be convinced that they have all it takes to protect your money," he stated.
Watch Full Below:
Source: Josephine Acheampomaa/Peacefmonline/[email protected]
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This is very true. We will be very Careful of the likes of Prudential Bank and DataBank. I will never keep any money with them because they are NPP political cronism banks which will also colapse upon Change of Power. Thanks Mr Boaben. Your advise is well Noted
Look at this booze man YB. are you out of our senses, fuuu you smell like he goat
Master, better ***barred word***. How careful should the ordinary person be? If an educational institution has been accredited by the National Accreditation Board with their accreditation certificate boldly displayed on their walls, what do you expect the innocent prospective student to do further? Is it his duty to monitor how the accredited programmes are implemented? Don't bring yourself. BoG should be held liable for the mess. They are paid by the state to supervise the banks.