NDC’s Murtala Mohammed raises questions about how GH¢18 billion was allegedly used to collapse banks

NDC’s Murtala Mohammed raises questions about how GH¢18 billion was allegedly used to collapse banks

The former Member of Parliament (MP) for Nanton constituency, Murtala Ibrahim Mohammed, has raised questions about the use of money to allegedly collapse Ghanaian banks.

Per a report by Pulse.com.gh, Mohammed claimed that the government deliberately and selectively targeted and destroyed certain businesses.

His comments come on the back of the Bank of Ghana (BoG) revoking the licences and downgrading some financial institutions due to alleged illegality by the firms.

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Speaking on Radio Gold, he also questioned the rationale behind the decision of the government to spend GHC18 billion on such a venture when it owes road contractors.

He also indicted Dr. Ernest Addison, Governor of Bank of Ghana of conspiring with the government to mastermind the collapse of privately owned business entities.

"The governor of Bank of Ghana talks too much, and it is true when the governor of Bank of Ghana sneezes, the entire banking sector and the entire economy catches a cold, and that is what happens.

You have a governor of Bank of Ghana who does politics than even operating as a governor of a bank such as the Bank of Ghana; so that is the issue," he added.

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Source: Yen.com.gh

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