Former Member of Parliament for Nanton Constituency, Hon. Murtala Ibrahim Mohammed says it simply does not make sense for the Akufo-Addo government to spend Ghc18 billion just to collapse banks.
According to him, if the Akufo-Addo government had extended that Ghc18 billion bailout to those banks as support, they would have been in a better position to transact business.
“How can you spend about Ghc18 billion to collapse banks? It simply does not make sense. You are spending Ghc18 billion to collapse banks. Does it make sense? Now the question is, that Ghc18 billion, if you had extended it to those banks, if you had given those Ghc18 billion as support to those banks would they have been in a better position that would be considered acceptable by government? My answer is yes,” he averred.
Contributing to a panel discussion on Radio Gold’s 'Alhaji and Alhaji' flagship program, Hon. Murtala Mohammed pointed out that "collapsing of the banks is not in circinatus to the challenges that we are confronted with in the banking sector as a government but if you had provided the facility and the money to those banks, the people, hundreds if not thousands who have lost their livelihood as a result of this insensitive decision, those people would have still been on their jobs.”
Wondering why government will spend billions of Ghana cedis while it is still indebted to road contractors, the former NDC MP further alleged that over 7000 people have lost their jobs in the banking sector as a result of the reforms that led to the collapse of these indigenous banks.
He also accused the Governor of the Central Bank, Dr Ernest Addison of dabbling in partisan politics instead of focusing on his priorities as BoG head.
"Multiply that 7000 by three, just say that they each have an average of two dependants, multiply the 7000 by 3, we are talking about 21,000 Ghanaians who indeed would have lost their jobs and after that we had other banks that were collapsed; we had businesses that were collapsed as a result of the collapse of those banks," he added.
“The Governor of Bank of Ghana talks too much and it is true, when the Governor of Bank of Ghana sneezes, the entire banking sector and the entire economy catches cold and that is what happen. You have a Governor of Bank of Ghana who does politics than even operating as a Governor of a bank such as the Bank of Ghana; so that is the issue,” he chided.
Source: Daniel Adu Darko/Peacefmonline.com/[email protected]
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AND SO IF YOU DON'T USE "ONE TERM"MP WHAT WILL YOU LOSE,MR WRTER.
So dis guy too dey,hmmmm
***barred word*** ho and clean your am pit before talking sh*it ! I don't blame you but the President his leniency is too much and has allowed id*ots to talk to disturb out peace. Who is this one too who wants to be heard? attention seeker! I'm surprised these Northerners in thd ndc want to be heard at all cost on any ***barred word*** thing,does that promote their popularity in their area or what?I don't understand they are the only ones making too much noise in Ghana what's wrong with them? do you have to stand on roof tops to trumpet you are also here before you get attention? come on! you not making any sense in your submissions just empty barrels making noise and disturbing and making ndc unattractive! I never read what they say because I know they don't make any sense apart from expressing their hate and jealous like they are entitled to something and somebody has taking it away! Nana Addo Dankwah Akufo Addo is a true and authentic patriotic Ghanaian who want the best for his people not his pocket and hasn't taking anything from the ndc to demand attack, he doesn't give a fu--ck to you and your rantings and noise making will never break him if that is what your us*eless minds tell you! he is focused to see to it the national cake is shared proportionally not empty heads making noise! ndc tell us just one intervention that you brought to help Ghanaians and tell us what else you want to do in 50 years time! NPP has a mandate of 50 years with the people to build Ghana for the next generation so ndc ain't coming anytime soon! Dr Tony Aidoo said he stopped attending to your congress why? because he said he hasn't seen a so called party of socialists that never discuss about policies and programs but always how to win elections and that's ndc for you! ndc is a crim*inal organization being led by a Teflon Don John Dramani mahama!