Blame Gov’t For Collapse Of uniBank – Ato Forson

By Justice Dzido On Mar 20, 2018

The Minority Spokesperson on Finance, Ato Forson has accused government of collapsing uniBank.

According to him, for not making the attempt to rescue the bank early enough, the government must take responsibility for the collapse of uniBank.

In an interview with Joy News Editor Evans Mensah on Top Story hours after the Bank of Ghana announced a major takeover of uniBank, Ato Forson said it is unacceptable that within a period of eight months three locally owned banks had collapsed.

Late last year, UT Bank and Capital Bank were the first on the list of takeovers by the Bank of Ghana after it emerged the indigenous banks had fallen below the minimum capital requirement.

In Parliament on Tuesday, both the Majority and Minority members of the House agreed that government should pursue managers of the two banks and collect the amount of money it would cost the government to manage the collapse.

The government had early on hinted the cost of the insolvency which was put around ¢2 billion was going to be borne by the taxpayer, a decision the MPs kicked against.

Ato Forson in a relentless crusade had kicked against government’s decision and charged managers of the state to pursue the owners of UT Bank and Capital Bank.

However, when the MP was confronted by Evans Mensah on what government had to do in the uniBank case, the Ajumako Enyan Essiam MP said the government had failed. They should have saved the bank, he averred.

“The Central Bank and the government have questions to answer…” he said, adding, “We are ceding the financial sector to foreigners.”

Source: Myjoyonline.com