The National Democratic Congress (NDC) Member of Parliament for Bolgatanga Central, Isaac Adongo has hinted that should the NDC return to power in 2020, they will return the recently collapsed banks to their owners.
He, however, said that it will only be on the condition that they are found not guilty of being complicit in the collapse.
“I hope that by the end of this exercise the Governor of the Central Bank will come out of the whole that he’s in to give us assurance beyond telling us that our deposits are safe, we’ve heard that long enough”, he said.
“He should come and give us the policy steps and clear guidelines and timelines that he’s going to implement in order to calm the market and restore confidence and have a strong powerful Ghanaian financial sector.”
He said this at a forum organized by the Policy Analysis and Monitoring Sector on the Banking Crisis.
“We can do it and I’ll like to assure the people of Ghana an NDC government will have more foresight and we’ll protect Ghanaian entrepreneurship and we’ll ensure and I will not mince words, if any investor that feels hard done by this marauding armed robbers goes to court to seek the return of their assets in an NDC era we’ll gladly return to them the injustices that they’ve suffered”, he added.
The Bank of Ghana increased the minimum capital requirement for banks from GH¢120 to GH¢400 million to improve stability in the banking industry whilst growing the industry.
The BoG on August 1, announced that it had merged Unibank and four other banks under a new name Consolidated Bank of Ghana (CBG), with government committing 450 million cedis to support these banks.
