Former Tema West Constituency Chairman of the National Democratic Congress (NDC), Ben Doe, has raised concerns about the promised GHS 1.5 billion to settle locked-up funds for customers of collapsed banks.
He questioned the authenticity of this promise and urged Finance Minister Dr. Mohammed Amin Adam to ensure the funds are actually delivered.
During a town hall meeting in the United Kingdom on Saturday, June 22, Dr. Amin Adam announced that GHS 1.5 billion would be released by October to compensate those affected by the banking sector cleanup.
He emphasized that while the government wasn’t responsible for individuals’ investment decisions, it still aimed to provide relief due to its caring nature.
Dr. Amin Adam explained, “Although the government is not responsible for individual investment choices, we acknowledge the suffering of those affected. We’ve heard of people losing their lives and committing suicide due to these losses. Therefore, the government has decided to grant another bailout of GHS 1.5 billion between now and October.”
He further clarified that this amount is part of a larger GHS 4 billion needed to fully address the issue. “This initial GHS 1.5 billion is just a part of the total required. We plan to release the rest, and we advise people to make informed decisions about their investments in the future,” he said.
In response, Ben Doe, speaking on Ahotor FM’s Simpieso with host Emmanuel Martey, urged the Finance Minister to prioritize the concerns of bondholders who have been protesting for their funds.
He stressed the importance of fulfilling the promise without any complications, as many people are depending on this compensation for their financial stability.
Story by: Emmanuel Romeo Tetteh (#RomeoWrites✍️) / Ahotoronline.com
