October 16, 2021

Banking Crisis: Mahama will pay Depositors’ Funds in f …

Communications Officer of the opposition National Democratic Congress Sammy Gyamfi has said that the next John Mahama government is committed to fixing all the financial mess created by the Akufo-Addo led Administration in the banking sectors.

He said former President John Mahama will pay the locked-up funds of customers of the collapsed financial institutions in full if he wins the December polls.

Sammy Gyamfi made this known during the party’s Weekly Press Briefing today, Monday, June 22, 2020.

According to the Communications Officer, former President will work to restore indigenous businesses in the financial sector.

“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”, he noted.

He stressed that, “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”.

Former President John Dramani Mahama has earlier promised to refund depositors’ funds in the shortest possible time should he be elected President in the 2020 presidential polls.

The financial sector cleanup commenced by the Akufo-Addo administration in August 2017 led to the collapse of nine universal banks, 347 microfinance companies, 39 microcredit companies or money lenders, 15 savings and loans companies, eight finance house companies, and two non-bank financial institutions.”

Meanwhile, customers of failed Savings & Loans, Microfinance Institutions are accusing the President Akufo-Addo of false hope after a promise last December, which was affirmed in his State of the Nation Address, SONA in February that he has directed Finance Minister, Ken Ofori Atta to release a whopping 15.6 billion cedis for full payment of all those affected.

 By: Felicia Gyasiwaah Dadzie / Kingdom 107.7 FM / Kingdom TV/ Kingdomfmonline.com / [email protected] / Ghana / 2020

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