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Banking Reforms Issues Shouldn’t Be Politicized – NPP MP   
 
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28-May-2019  
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Eugene Boakye Antwi
 
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Member of Parliament [MP] for Subin Constituency in the Ashanti Region, Eugene Boakye Antwi has advised that issues concerning the reforms in the banking sector under the ruling New Patriotic Party(NPP) government should not be politicized but addressed in the right direction.

He stressed that one will not be fair to the government if they allege that the NPP intentionally collapsed and merged some nonperforming banks.

“Ministry of Finance and Bank of Ghana needs our help to restore a degree of credibility and integrity to our banking sector, than wanting to politicize issues of the banking sector,” he said.

Explaining on Peace FM’s ‘Kokrokoo’ programme, the NPP communicator referred to a newspaper report stating that currently, out of the 566 licensed MFIs in 2018, “211 are active but distressed or folded up”, while out of the 141 RCBs, 37 were active but distressed or folded up, the BoG said in its MPC report.

In total, the bank estimates that 272 out of the 707 institutions in the sub-sector, representing 38.5 per cent, are at risk.

Hon. Boakye Antwi mentioned that “this administration as I always say, is full of determined and serious minded Ghanaians, therefore we are here to right the wrongs caused”.

 

 

 

 
 
Source: Elizabeth Semiheva Bedi/Peacefmonline.com
 
 

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