News:
October 25, 2023
Majority Chief Whip, Frank Annoh Dompreh has taken a swipe at the Ranking Member on Finance, Isaac Adongo on allegations that the National Investment Bank is being ruined from Canada by the Managing Director.
According to him the allegation cannot be proven and assured that he will join the Minority if they are calling on central government to push more capital into the bank.
Again, we are talking about 1D1F; and as a country, to develop our industrial sector the core mandate of the bank is to support industrial drive hence government should help in recapitalizing the bank but not to run down the bank.
“So our colleagues in the Minority should stop the politicization of the matter”.
At a media briefing in Parliament on Wednesday, October 25, 2023, he noted that especially with matters relating to the financial sector, if the Minority does not have the facts, they should be patient and investigate the matter and get the facts before they come out.
Additionally, he said we should not sit down and allow highway politicians; people who are excited to just organize the media and push out falsehood and run down the reputation of the bank. They would be the same people it is going to be affected, he stated.
He said the Minority should move cautiously if they do not have the facts. They should engage the board of NIB and they would get to know what the truth is.
“Yes the bank needs recapitalization, but its treasure is not bankrupt as the Minority would want Ghanaians to believe and the treasure is not being run like it was during their time where over five hundred million was given to non-banking sector against the code of ethics of the bank.
Issac Adongo and his colleagues should be patriotic, and whatever I have told you here you can make your checks; most of the monies given as loans under them have not been recovered. You go and destroy the bank at one breath and come and ask questions about how the bank is going down.”
On the merger of NIB with ADB and its sale, he called for caution stating that we need to be careful on these matters. “Next year being an election year, I am sure there is going to be such malicious lies being put out there. I am not aware of this merger the minority is talking about. If government wanted to sell off the bank, we would have had that privilege information; there is nothing like that as we speak. We should not allow the bank to be run down by propaganda. If they have evidence, they should put that out in the public domain”.
Again, we challenge the Minority, they should come and give us evidence and stop rumor mongering; if we are not careful we would run down the bank; no back is run by propaganda, he emphasised.
Kwaku Sakyi-Danso/Ghanamps.com