I will pay locked up investments of depositors within the shortest time – Mahama
- John Dramani Mahama has promised to pay depositors who have locked up investments following the banking crisis should he be voted back in power
- He made this known during his second Facebook live video on Thursday, January 30, 2020
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Former President and flag bearer of the National Democratic Congress(NDC), John Dramani Mahama has promised to pay depositors who have locked up investments following the banking crisis should he be voted back into power.
Mahama also stated that the Akufo-Addo government rushed with the takeover and cleaning up of the banking sector.
He made this known during his second Facebook live video on Thursday, January 30, 2020.
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“…We believe that we do owe depositors. When I come into government, we will make sure we will pay depositors their monies within the shortest possible time.
“The route government took on the banking sector was extreme and harsh and has created more harm,” Mahama said.
The Bank of Ghana on Friday, August 16, 2019, revoked the licenses of 23 savings and loans companies.
This follows a similar action a year ago when the regulator in 2018 ordered a purchase and assumption agreement that saw GCB Bank takeover UT and Capital Banks.
READ ALSO: We need GHC13b more to completely clean up banking sector – Mahama
Meanwhile, John Dramani Mahama has said an extra GH¢13 billion would be needed to complete government’s banking sector cleanup.
According to Mahama, the GH¢15 billion approved by Parliament to support the cleanup has not served its purpose due to the way government went about the whole exercise.
The former president made this known while speaking during a Facebook live broadcast on Thursday, January 30, 2020.
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Source: YEN.com.gh
