NDC Will Return Collapsed Banks To Owners Unless


NDC Will Return Collapsed Banks To Owners Unless


Bolgatanga Central Legislator, Mr Isaac Adongo, has solidarised with shareholders of collapsed banks, explaining that the attempt to describe them as thieves was uncalled for and amounts to “adding salt to injury.”

He said at a forum organised by the Progressive Alliance Media Communicators on the banking crisis that although the challenges facing banks were encompassing, the government and the Bank of Ghana had decided to vilify directors and shareholders in order to escape blame.

This posture, he said was unfortunate and amounts to stifling Ghanaian entrepreneurship.

As a result, he said a National Democratic Congress (NDC) government will not hesitate to return assets of the collapsed banks to their owners “unless they are found to have committed some tangible illegalities.”

As a result, he said shareholders of the seven collapsed banks – UT and Capital banks in August 2017 and the BEIGE, Royal, Construction, Sovereign and uniBank banks in August 2018 – and all persons affected by the action should be assured of fair treatment when the party comes to power.

He mentioned the government’s indebtedness to the collapsed banks, the involvement of current directors of Consolidated Bank with the now defunct banks and the choice of collapse over bailout as issues that raise flags about the genuineness of the decision.





Source link


Like it? Share with your friends!

23
0
23 shares

What's Your Reaction?

eiii eiii
0
eiii
hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
win win
0
win

0 Comments

Your email address will not be published. Required fields are marked *

You may also like

More From: Politics

DON'T MISS

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format