The Member of Parliament for Bolgatanga Central, Mr Isaac Adongo, has solidarised with shareholders of collapsed banks, explaining that the attempt to describe them as thieves was uncalled for and amounts to "adding salt to injury."
He said at a forum on the banking crisis that although the challenges facing banks were encompassing, the government and the Bank of Ghana had decided to vilify directors and shareholders in order to escape blame. This posture, he said was unfortunate and amounts to stifling Ghanaian entrepreneurship.
As a result, he said a National Democratic Congress (NDC) government will not hesitate to return assets of the collapsed banks to their owners "unless they are found to have committed some tangible illegalities."
As a result, he said shareholders of the seven collapsed banks - UT and Capital banks in August 2017 and the BEIGE, Royal, Construction, Sovereign and uniBank banks in August 2018 - and all persons affected by the action should be assured of fair treatment when the party comes to power.
He mentioned the government's indebtedness to the collapsed banks, the involvement of current directors of Consolidated Bank with the now defunct banks and the choice of collapse over bailout as issues that raise flags about the genuineness of the decision.
Source: graphic.com.gh
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the Bolga MP does not understand what he is saying. if you give them the assets, what about their liabilities? you just do not understand what you are saying. the government of ghana is saving the faces of these persons or institution. you need to say something better and stop blowing your ignorance out of proportion.
Yen or whatever you call yourself I can see that you're a coward for hiding your real name. I could see that you're rather s1ck in your ***barred word*** HEAD & BRAIN. I repeat....some of you northerners are unintelligent yourself inclusive...which northern MP said 'TREES UNDER SCHOOLS' don't bring yourself.
MR ADONGO ARE YOU SAYING THIS BECAUSE OF VOTES? THEN YOU HAVE FAILED. YOU THINK GHANAIANS DONT REASON? BDC FOR WHAT. YOU AND SUHUYINI WILL SEND NDC TO OPPOSITION FOR MANY YEARS AS OMANE BOAMAH AND OFOSU KWAKYE DID.YOU CALL YOURSELF AN MP BUT YOUR CONTRIBUTIONS DONT WASH. I SEE YOU AS AN MP WITH SMALL MIND.
kofi or what ever they call u....hw intelligent r u dat u think u r better dan northerners? how many northerners ve u flown in class? u must be sick to ever conceive some pple r unintelligent....do a quick check in govt n all spheres of life n see d performance of northerners....u r sick....for all u no u ve never moved beyond ur own city n yet u ve d audacity to generalise ignorantly
This because we are only hearing the BoG side of the issues. The entire report on the collapse banks should be made a public document for all to read. Instead of this "interception" of reports by the media when shareholders and directors and the public have not seen the report. Reported speech can always be distorted by a "polarized media". If media is able to intercept reports which BoG deems confidential and for which even those involved are not even given a chance to see. This intercepted reports are been serialized to create disaffection for those involved. The public may eventually get disappointed when it gets to court and no one is "jailed" because per the court of public opinion they are guilty. Let some of the directors of CBG come out to deny that they were trying to do "deals" with some of the banks taken over for their bosses as alleged.
the thinking lines of some of these northerners are the main reasons why people sometimes look upon them as unintellingent people. what is this –i-d-i-o-t adongo saying? he is only fit for selling chinchinga at kumasi aboabo or nima. no wonder he belongs to ndc party
This man is becoming a noise maker. If you nothing to say but better ***barred word***.
this Adongo man does not make sense at all. he better ***barred word***
This guy is gradually exposing how pathologically stoop1d He is. I erroneously thought he was intelligent. AaawwwGhana why all these ***barred word***
***barred word***!!! I dislike this guy with passion.