Former President John Dramani Mahama has stated that if he was still in power, he would not have collapsed the banks, but would have placed them in three tiers according to their financial capabilities.
“My administration wouldn’t have collapsed those banks at ago, but would have placed them in Tier A, Tier B and Tier C according to their financial strengths, rather than giving the same standards for all the banks.”
Mr Mahama, who was interacting with Journalists in Accra said the collapse of those banks was a breach of the deliberate attempts his administration embarked on to empower indigenous Ghanaian banks to perform and rub shoulders with their foreign counterparts.
The former President said government’s promise to also pay all depositors their monies was vague as there were no timelines given and challenged government to come out clear on when depositors would receive their monies.
“How can they pay all depositors in full, when that was not catered for in the budget delivered by Mr Ken Ofori Atta, Minister of Finance in the last fiscal budget? Government is being clever in saying they will pay all depositors, after all, there were no timelines given.”
He said the collapse of the banks had dented the investment image of Ghana, as it had the potential to scare investors and called on government to take necessary measures that would ameliorate the plight of depositors and investors.
On the introduction of higher cedi denominations, the former President said it was defeating the ideals of the cashless system, as it would now encourage more people to transact their businesses with cash instead of cheques and transfers.
“Printing of higher notes means people can pocket huge sums of monies for transactions, instead of the now preferred cashless system we are preaching.”
He said there was no adequate education on the introduction of the higher denominations, describing it as ‘an ambush’ on Ghanaians.
He said the depreciation of the cedi was common knowledge that did not need a committee to deliberate on as even level 100 University students could give solutions to the cause of the depreciation of the currency.
“We all know that we are not exporting, we are rather so dependent on imports and the basic solution is to export more and import less.”
Source: GNA
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And dole out money that will be pocketed by directors and shareholders and they walk free drive Range Rovers and we call them rich men
NON***barred word***; UNDER WHOSE REGIME DID IT START? YOU ARE ALWAYS A BREAKER OF THE LAW: YOU ARE SAYING THAT YOU WOULD HAVE DISREGARDED ALL THAT THE CAPITAL ADEQUACY RATIO SAYS AND THE REQUIREMENTS OF ALL BASEL ACCORDS ON RISK MANAGEMENT TO DO YOUR OWN CLASSIFICATION? SOO TYPICAL OF YOU!
An after thought eh? Why not when the licenses were being issued? "Leaders only think when they are out of power"
You were president when this rot started. You this mahama you have not s.hame. Stop the cheap talk talk
Nice one at least you have said something. Wo nso ka bi. But wopana how many tiers did you classify the bus 🚌 in the air? I am sure 7 tiers since the kickback was huge. Mo ne y).
The rot happened under your watch. Why didn't you classify the banks then?
***barred word***. Why didn't you do it? After running the country into bribery and corrupt nation. You messed up the banking system you and your cronys. JM please your time is over. Let Ghanaians be.
This man has emptied the content of that flask again.
Why cant Mahama sh*ut up the more you come out to show your ign**orance the more the Ghanaian people hold your neck.Who are his advisers? Cant they guarantine him to stay away from Ghanaians a little bit 3de3n asem koraa nso ni! Anytime he opens his mouth he doesnt sound like an ex president even Akua Donkor will sound more sensible than him ! After all Akua Donkor has been able to form her own party so she has some wisdom and plan for forming her party like the Rawlingses know why they form their ndc, this man is not good for the ndc.Rawlings was young when he formed the ndc but sounded intelligently much more than john mahama in his 60s! Ndc will rot in opposition
This man is still suffering the ***barred word*** syndrome and trying desperately to spread the disease on Ghana people. Please quarantine your month and hope that we forget that this rot happened when you were president - right under your gaddamnnn nose and you did nothing!