Akufo-Addo spent Ghc18 Bn to collapse banks; That makes no sense – Allegations Murtala | Policy

Former Member of Parliament for Nanton, Hon. According to Murtala Ibrahim Mohammed, it is simply foolish that the Akufo-Addo government spends 18 billion Ghc for just collapsing banks.

According to him, if the Akufo-Addo government had granted financial badistance of 18 billion ghc to these banks, they would have been better placed to carry out commercial transactions.

"How can you spend about 18 billion Ghc to collapse banks? It simply does not make sense. You spend 18 billion Ghc to collapse the banks. Does it make sense? The question is whether this 18 billion Ghc, if you had extended, if you had given these 18 billion Ghc as support, these banks would have been in a better position than the government would consider acceptable? My answer is yes,He confessed.

Contribute to a round table on Gold Radio& # 39; S & # 39;Alhaji and Alhaji & # 39; flagship program, Hon. Murtala Mohammed stressed that "The collapse of the banks is not a reality – we are facing the challenges we face in the banking sector as a government, but if you had provided the facility and the money to these banks, the people, hundreds, if not thousands, having lost their livelihood as a result of this insensitive decision, these people would have always been on their jobs."

Wondering why the government will spend billions of Ghanaian cedis while it is still beholden to road contractors, the former NDC deputy also claimed that more than 7,000 people had lost their jobs in the banking sector as a result of the reforms that led to the collapse of this sector. banks.

He also accused Dr Ernest Addison, governor of the Central Bank, of playing partisan politics instead of focusing on his priorities as head of the BoG.

"Multiply those 7,000 by three, just say that they each have an average of two dependents, multiply the 7,000 by 3, we are talking about 21,000 Ghanaians who would have actually lost their jobs and then others banks that have collapsed; we had companies that were collapsed as a result of the collapse of these banks," he added.

"The governor of the Bank of Ghana is talking too much and it is true, when the governor of the Bank of Ghana sneezes, the entire banking sector and the economy is at the cold point and it 's all over again. is what happens. You have a governor of the Bank of Ghana who does politics even before serving as governor of a bank such as the Bank of Ghana; That is the question,Shouted it.