{"id":688398,"date":"2019-08-22T06:27:38","date_gmt":"2019-08-22T06:27:38","guid":{"rendered":"
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President Nana Akufo-Addo has blamed the Bank of Ghana for the banking crisis which led to the collapse of some 420 financial institutions in the country.<\/p>\n

\u201cThis famous banking scandal, which has engulfed all of us, if the B"},"modified":"2019-08-22T06:27:38","modified_gmt":"2019-08-22T06:27:38","slug":"nana-addo-slams-bog-for-banking-crisis","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/08\/22\/nana-addo-slams-bog-for-banking-crisis\/","title":{"rendered":"Nana Addo slams BoG for banking crisis"},"content":{"rendered":"

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President Nana Akufo-Addo has blamed the Bank of Ghana for the banking crisis which led to the collapse of some 420 financial institutions in the country.<\/p>\n

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\u201cThis famous banking scandal, which has engulfed all of us, if the Bank of Ghana had acted responsibly and dealt with some of these issues like it should have been done, we would have never gotten to the situation. It was lax,\u201d the President said during his second meeting with members of the Council of State.<\/p>\n<\/blockquote>\n

The President said during the first phase of the banking crisis, \u201cGH\u00a213 billion had to come from public funds to support the industry and make sure that the funds were secured.\u201d<\/p>\n

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\u201c\u2026Finding GH\u00a213 billion to support my budget is a major problem to me, yet this is the amount of money\u2026 So when we are talking about these matters, I don\u2019t think we should just focus on the citizens. Yes, there\u2019s the need for discipline amongst all of us but I think that the focus on what the public institutions need to do is very important,\u201d the President added.<\/p>\n<\/blockquote>\n