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BOG, Ofori-Atta collapsed banks out of greed and envy – Adongo

Member of Parliament for Bolgatanga Central, Isaac Adongo, says the decision by the Bank of Ghana to shut down some banks in the country was motivated by greed and envy.

With reference to uniBank, the legislator noted that the central bank’s decision to dissolve the banks was based on an interim report by administrators like KPMG which is just one of the many requirements needed to take the action.

He believes the Bank of Ghana and Finance Minister, Ken Ofori Atta took the decision without considering the best cost-effective way to resolve the challenges the affected banks were facing at the time.

by: Naa Anyema

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