Published
4 years agoon
By
Joe PeeThe flagbearer of the National Democratic Congress (NDC), Mr. John Mahama has said the government should have applied “common sense” during the banking sector cleanup.
“They’ve closed financial institutions. It’s not that the financial institutions didn’t have problems when we were in government, we knew there was a problem but we realised that the problem was a very complicated one and, so, we needed time to resolve it and make sure you don’t throw the baby away with the bathwater,” Mr. Mahama stated in the Ketu North constituency as part of his campaign in the Volta region.
He recalled: “We needed GHS9 billion to bail out the financial institutions that they closed down. Instead of investing GHS9 billion and it’s not money they would have been throwing away because you would have injected GHS9 billion, taken equity in those financial institutions and as they become liquid again, you give them back the equity and take your money back, simple!”
Armed Robbers Vanish Mysteriously After Failed Heist at Forex Bureau in Abeka Lapaz
VIDEO: Kofi Kinaata Hilariously Reflects on His Childhood Dream of Becoming Ghana’s President
Woman Seeks Advice After 8-Year Relationship Ends with Fiancé Marrying Another Lady
GFA Dissolves Black Stars Management Committee After AFCON Qualifying Failure
Ukraine to Launch Ready-to-Eat School Meals Initiative in Ghana and Other African Nations
NDC Applauds IGP’s Firearm Ban and Security Protocols for 2024 Elections
Riding Toward Victory: Konlaabig Rasheed Bolsters NPP’s Grassroots Campaign with Strategic Donation
Woman Dies of Kidney Failure After Husband Allegedly Misuses Donations Meant for Treatment
House Help Granted Bail in Alleged Acid Attack Case After Two-Year Investigation