- A former MP, Murtala Mohammed Ibrahim, has revealed the reason why some local banks have been collapsed
- According to him, it is to pave way for a top American bank
- He named President Akufo-Addo, Finance Minister Ofori-Atta and Central Bank Governor, Dr. Ernest Addison as those behind the plan
A former Member of Parliament (MP) for the Nanton constituency, Murtala Mohammed Ibrahim, has named three top government officials as those behind the collapse of the local banks.
Speaking on Radio Gold’s Alhaji and Alhaji programme on Saturday, August 18, 2018, he said it was a plan to bring in a renowned American bank.
According to him, President Akufo-Addo, Finance Minister, Ofori-Atta and the Governor of the Bank of Ghana, Dr. Ernest Addison, are plotting to bring in the Morgan JP and Chase Bank.
His comments we in reaction to the merging of five local banks, Unibank, Sovereign Bank, The Construction Bank, BEIGE Bank and The Royal Bank, to create the Consolidated Bank Ghana Limited.
According to a statement issued by the Central Bank on Wednesday, August 1, 2018, the affected banks faced a number of challenges.
While some of them were faulted for allegedly presenting fake documents to the Central Bank, others were having challenges with their minimum required reserves.
In the year 2017, two banks, the GCB Bank assumed the assets and liabilities of the Capital Bank and the UT Bank, after their licenses were revoked.
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