We had nothing to do with the collapse of the banks - Danquah Institute
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We had nothing to do with the collapse of the banks - Danquah Institute

- The Executive Director of the Danquah Institute, Richard Ahiagbah, has refuted claims that his outfit helped collapse banks in Ghana

- According to him, the report is a product of the propaganda machine of the opposition NDC

- The response was in reaction to a video that has since gone viral

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Danquah Institute, a policy think-tank, has responded to claims of playing a role in the collapse of banks in Ghana.

According to the institute, it had no hand in the collapse of banks owned by Dr Kwabena Duffuor or Dr Paa Kwesi Nduom.

Until the collapse of their banks, the two men owned uniBank Ghana Limited and GN Bank.

We had nothing to do with the collapse of the banks - Danquah Institute

Richard Ahiagbah, Executive Director of Danquah Institute Source: classfmonline.com
Source: UGC

READ ALSO: GUTA order closure of over 90% of shops owned by foreign retail traders

Per a report by Starrfm.com.gh, the statement from the institute is in reaction to a video that has gone viral on social media.

The video reportedly indicates that the institute played a role in collapsing the banks in order to weaken their support for opposition parties.

Richard Ahiagbah, the executive director of the Danquah Institute, said the claims are false.

He explained that they are part of efforts by the opposition National Democratic Congress (NDC) to paint the government black.

Ahiagbah went on to say that the claims are false, a complete fabrication, and distortion of the facts.

To him, even though the institute has no idea about the origin of the video, it is convinced the attempt is consistent with NDC’s propaganda.

In other news, Fidelity Bank has recorded a profit of GHc322 million for the 2019/2020 financial year.

This is a 33% increase compared to the GHc242 million it earned in the preceding year.

Over the course of its 2020 Annual General Meeting, that was conducted via a virtual platform, its shareholders received and adopted the reports of directors.

READ ALSO: Vision 2020: Ghana and Rwanda's ambitious plan to become like Singapore

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Source: Yen

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