Murtala Mohammed Ibrahim, a former NDC MP for Nanton Constituency has accused President Akufo-Addo and the Finance Minister, Ken Ofori-Atta of orchestrating the collapse of five (5) indigenous banks to pave way for an international financial institution to operate in the country.
According to him, the collapse of the 5 banks is a ploy to bring in a highly prestigious and a leading global financial services firm and one of the largest banking institutions in the United States.
The banking sector has been faced with the collapse of some indigenous banks in the country.
The resultant bank is called Consolidated Bank Ghana Limited.
The Bank of Ghana, a couple of weeks ago, declared five banks —Unibank, Sovereign Bank, The Construction Bank, BEIGE Bank and The Royal Bank— insolvent and revoked their licences then merged them into what it has been christened the Consolidated Bank Ghana Limited.
The news comes barely a year after it revoked the licences of the UT and other banks which were also indigenously owned.
The BoG said some of those banks were significantly undercapitalised and beyond rehabilitation, while others supposedly obtained their licences under false pretences.
Murtala, a former Deputy Trades and Industry Minister in the erstwhile Mahama-led NDC government, who was speaking on the banking crises in the country during a panel discussion on Radio Gold's Alhaji and Alhaji, Saturday, said the collapse of these numerous banks is just "a ploy by the BoG governor (Dr. Addison), finance minister and the President to bring in an American bank called Morgan JP & Chase (JPMorgan Chase & Co)".
Source: Peacefmonline.com
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This boy and gyimigyimiiiii at it's best. They should bring that mentioned bank and i will invest there. Quasiampanim former minister and MP.
Typical ***barred word*** talk. What's wrong with these pepefuo and their penchant to accuse NPP when their party members fronting as bankers are caught in their diabolical acts. The other day, it was another ***barred word***, Issac Adongo accusing Ken for orchestrating the demise of the 7 locally owned banks. Now another cola chewing yellowed teeth is following path. This dastardly act give credence to an old adage, you can bring ***barred word*** to he city but you can not take the ***barred word*** behavior out of him.
WE are not progressing as a NATION because our so called politicians, politicized every policy even if it is in the interest of the nation because it is not their party initiating it. Lets put politics aside when it come to national development. Look at Rwanda now - We should bow our heads in SHAME
waa look, and this guy was once a Minister in Ghana. Wow no wonder we are where we are!
What level of crassness. Ah eben asem mpo nyi? All these have become parliamentarians and ministers before hmmm oye asem ooo. Complete ***barred word*** coupled with idio-tism. Because you can gain access to a public address system doesn’t give you the audacity to have a diarrhoea mouth.
THERE HE GOES AGAIN. F**LISH MAHAMA MINISTER. NO WONDER YOUR CONSTITUENTS SAW NOTHING GOOD IN YOUR TO RENEW YOUR MANDATE. A BIG FULLLL.
Eternal ***barred word***
Gyimiiiiiii at its best. You want our monies to go waste? Appuuuuuuutooooooooooooooooo. NDC is full of such good for nothinggg characters
NDC people and FOOOOO%$#LISH talk. No propaganda in Ghana anymore. Everyone now know what NDC stands for and its aims in Ghana politic are. Stealing, corruption, make them poor an rule them, incompetence and propaganda. NDc is.......... in Ghana politics!
You see why Ghana for that matter, some African countries are not progressing, it is the likes of these ***barred word*** like Murtala Mohammed. He basically does not understand the issues at sake. In 2008 when the US Market cashed, it was a result of certain banks giving loans to people who could not pay. Murtala Mohammed does not know and cant tell how a Country's Banking System can bring a whole Economy down. Murtala Mohammed be wise and make useful and sensible contributions. It is likes of Murtala Mohammed that is why the blackman is not respected because some think well below the level of a monkey. Look at the way GN Bank is making Ghana proud, do u think the owner and investor Paa Kwesi gives loans to himself. The head of the collapsed bank should thank God, they are not in the US, because they have been picked up by the FBI by now. Ghana is a sick country, and if allow people like the likes of Murtala Mohammed to hold public office, Ghana is DOOMED. Murtala Mohammed and NDC again is exposing their ***barred word***, ignorance, foolishness, and luck of basic banking and economic principle in the Banking Sector and the Issues at hand. God Help Ghana if we will continue to listen to such ***barred word*** from Murtala Mohammed and the NDC. This is a National Issue, we need people who can think to talk, and not the Dog eating Murtala Mohammed who barks a wild dog. i the bankig sector