September 5, 2019

Minority Chief Whip, Mohamed Muntaka Mubarak has given indications that his side of the House will push for a bi-partisan investigation into the collapse of indigenous banks in Ghana.

The team, he noted would also include a banking professional to help unearth all issues that are begging for answers as far as the collapse of the banks are concerned.

The Minority at a press conference on Tuesday the 3rd of September, 2019 called for full-scale inquiry into the collapsing of financial institutions and their effect on the economy.

According to the Asawase lawmaker, getting Members of Parliament from both side of the House to investigate the collapse can happen, but was not sure how it would be done, adding the method to use remains them, and would be a legitimate method.

In a related development, Isaac Adongo who addressed the media at a press conference says the Governor of the Bank of Ghana (BoG) Dr. Anderson continues to ignore the Amended Act that enjoined him to appear before Parliament twice in a year.

He added that first is for him to report on the full activities of the BoG, both economic monetary and financial stability including collapse and non-collapse banks in February ending of the previous year.

We did not see him in Parliament and he is supposed to report at the end of July on half year performance of the economy activities of the Bank of Ghana (BoG), he said.

“This is a Governor who is himself not complying with his laws but collapsing banks for non-compliance, he is a lawless governor and does not respect his own laws, it does not appear he is near Parliament, that is the kind of governor we have.  He noted that the Governor talks down his industry and is only after people in the banking sector victimizing them; “how can you use different yardstick for measuring recapitalization”.

Kwaku Sakyi-Danso/