All depositors whose funds have been locked as a result of the banking sector cleanup will be paid in cash upon the return of a John Mahama-led administration, National Communications Officer of the National Democratic Congress (NDC) has said.
Speaking at the party’s 4th edition of a weekly press briefing on Monday, June 22, 2020, Sammy Gyamfi said; “His Excellency John Dramani Mahama is committed to fixing the mess that has been created by the mild administration of President Akufo-Addo in all sectors of the nation and in all facets of our lives. He is committed to delivering transformational leadership needed to create prosperity and wealth for all.”
“As he has announced through his digital conversations with the nation in the last few months, former President Mahama when elected shall pay all customers of the collapsed financial institutions whose monies are locked up in full and restore indigenous Ghanaian participation in the financial sector,” Mr Gyamfi added.
The Communications Officer said the former President John Mahama believes he owes all depositors of the collapsed banks and financial institutions the dignity of paying their locked-up funds within the shortest time possible when his party returns to power.
As part of its efforts to restore confidence in the banking and specialized deposit-taking sectors, the Bank of Ghana (BoG) embarked on a clean-up exercise in August 2017 to resolve insolvent financial institutions whose continued existence posed risks to the interest of depositors.
The clean up saw the revocation of licenses of 9 universal banks, 347 microfinance companies, 39 microcredit companies or money lenders, 15 savings and loans companies, 8 finance house companies, and two non-bank financial institutions
The move by the central bank was a comprehensive assessment of the savings and loans and finance house sub-sectors carried out by the BoG in the last few years after it identified serious breaches.
Source: Ghanaweb
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tweaaaaaa even DKM, Jasper motors koraa you couldn't pay their customers let alone these banks, folks no one should fall for this azaaa man tricks they are just hungry and want to come and feed fat on the public purse
No running mate and no manifesto, Kai NDC you're confused. Political knockout
please come out with new ideas and stop using the failures of these people as your message. You also failed that is why we booted u out.
This is your message for 2020 election? I'm really disappointed in the NDC. You sat down and collapsed all these institutions and you turn around. So was that your trick to steal from the public purse? Shame on you
Tweaaaaaaaaaa!!!!!!,......and who will listen to this and vote for you?
These people paaaa. They think we wash our faces upwards. NDC, simply not credible. I think this should be the slogan for NDC from Ghanaians going into the 2020 elections. Why didnt you pay DKM customers in full before you exited power.? We dont have short memories as you would want us to believe please.