President John Dramani Mahama has unequivocally declared that individuals behind the collapse of banks during the previous administration will face sanctions, serving as a stern warning to others.
This decisive action underscores the administration’s unwavering commitment to transparency and restoring public trust in the country’s financial system.
As part of a broader effort to ensure accountability and justice in the financial sector, President Mahama announced that the Minister of Finance, Dr. Cassiel Ato Forson, has initiated a thorough investigation into the collapse of indigenous banks and financial institutions.
This inquiry aims to shed light on the circumstances surrounding these collapses and identify those responsible.
“The Minister of Finance, Dr. Ato Forson, has launched an inquiry into the collapse of indigenous banks and financial institutions. Make no mistakes, facts will be unearthed, culprits will be punished, and lessons will be learnt,” President Mahama emphatically stated.
This resolute stance reflects the administration’s determination to hold accountable those who have contributed to the instability of Ghana’s financial sector. He said,by launching this investigation and promising to punish those found culpable, the government is in a way sending a strong message that financial malfeasance will no longer be tolerated.
Mahama’s commitment to accountability and transparency is a crucial step towards rebuilding trust in Ghana’s financial system.
