He made all these corrections in a post he tagged ‘My Response To President Akufo-Addo’s Answers On The Banking Scandal Created By Ken Ofori-Atta, Ernest Addison And Co.”. This post was shared on his social media handles.
Read it in full..
My First Point: The Number Of Collapsed Banks In Ghana Is Not 9 Mr President. Kindly Check Records From Bank Of Ghana. Your Government Collapsed 11 Commercial Banks Owned By Ghanaians, Namely: Royal Bank, Construction Bank, Sovereign Bank, Beige Bank, UT Bank, Premium Bank, Capital Bank, Unibank, GN Bank, Heritage Bank and Energy Bank.
Second Point: The Number Of Depositors Of The 11 Collapsed Banks Is Not 4.6 Million As Claimed By Mr President. Kindly Check The Records At The Bank Of Ghana, There Were Less Than 2 Million Depositors With Those 11 Banks With Total Deposits Of Less Than 7 Billion Ghana Cedis. And The Total Assets Of The 11 Collapsed Banks Were Above 12 Billion Ghana Cedis. This Is Excluding The Amount The Government Of Ghana Was Owing Those Indigenous Banks.
Third Point: The President Also Failed To Address The GHS 21 Billion Used Earlier For Same Purpose. The Justification For Additional GHS 15.6 Billion Was (Also) Not Addressed. Where Did They Find The Money From? No Breakdown Of Disbursements! It Is Not Accurate. The Decision To Collapse The Banks Was Not Though Through Properly. It Was Made Based On Personal Vendetta And Wickedness, Which Has Backfired On Them.
My Conclusion: It Doesn’t Make Sense To Have Used GHS 21 Billion, Plus Additional GHS 15.6 Billion To Collapse Ghanaian-owned Businesses. It’s Madness. The US Government, European Commission Made Wise Decisions I 2007/08) /09 To Save Their Banks That Were Going Through Financial Crisis.
It’s Not Wise To Give Ghanaian Banks Only One Year To Recapitalize. Developed Countries Such As New Zealand Gave Their Banks (A) Seven Year Period To Recapitalize And Starting From 2020.
Tearing Down Many Ghanaian-owned Banks With Cooked-Up Audit Report By Nii (Deceiver) Dodoo Of KPMG Without Any Third-party Verification, Authentication And Confirmation, Cannot Be Justified By A Press Conference. Time Will Tell.
#HRHOSCARDOE