NDC will Return Collapsed Banks to Owners – Isaac Adongo

The Member of Parliament for Bolgatanga Central, Mr Isaac Adongo, has solidarised with shareholders of collapsed banks, explaining that the attempt to describe them as thieves was uncalled for and amounts to “adding salt to injury.”

Isaac Adongo explain that the NDC government, when voted into power, will return the assets of the collapsed banks once they give enough justification in court.

Speaking at a forum on the banking crisis in Accra Mr Adongo said,

“I hope that at the end of this exercise the governor of the central bank will come out of the hole that he is in and give us assurance beyond telling us that our deposits are safe. We have heard that enough. He should come and give us the policy steps and clear guidelines and timelines that he is going to implement in order to calm the market, restore confidence and have a strong powerful Ghanaian financial sector.”

“We can do it and I want to assure the people of Ghana an NDC government will have more foresight and will protect Ghanaian entrepreneurship,” the outspoken MP noted at a public forum in Accra.

His comments come on the back of a suit that was filed by Unibank against the Bank of Ghana.

Dr Kwabena Duffour, a shareholder of the defunct uniBank Ghana Limited, moved to court to begin a fight to reclaim uniBank.

In the suit filed on Monday, August 20, 2018, Dr Duffour is asking for an order of injunction restraining the Bank of Ghana from expropriating uniBank by its purported vesting of “good assets and liabilities” in Consolidated Bank Ghana Limited.