{"id":695871,"date":"2019-08-30T18:17:26","date_gmt":"2019-08-30T18:17:26","guid":{"rendered":"<br><div>\n\t\t\n<p><strong>Ken Ofori-Atta <\/strong><\/p>\n\n\n\n<p>FINANCE Minister, Ken Ofori-Atta, has said recent cleanup of the financial sector was a tough decision taken by government in the interest of the nation.<\/p>\n\n\n\n<p>Recently, Bank of Ghana revoked "},"modified":"2019-08-30T18:17:26","modified_gmt":"2019-08-30T18:17:26","slug":"financial-sector-cleanup-was-tough-decision-ofori-atta","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/08\/30\/financial-sector-cleanup-was-tough-decision-ofori-atta\/","title":{"rendered":"Financial Sector Cleanup Was Tough Decision \u2013 Ofori-Atta"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Ken Ofori-Atta <\/strong><\/p>\n<p>FINANCE Minister, Ken Ofori-Atta, has said recent cleanup of the financial sector was a tough decision taken by government in the interest of the nation.<\/p>\n<p>Recently, Bank of Ghana revoked the licenses of nine universal banks, 347 micro-finance companies, 39 microcredit companies or money lenders, 15 savings and loans companies, eight finance house companies, and two non-bank financial institutions.<\/p>\n<p>According to the Finance Minister, much as it has been a difficult situation for all involved \u2013 investors, officials on governance side and those responsible for regulations, people entrusted with the management of resources of others must provide good stewardship.<\/p>\n<p>Addressing the 56th Annual Session of the Ghana Baptist Convention at Ejura in the Ashanti Region, Mr Ofori-Atta said investors also have responsibility to consider the moral implications of their investment decisions.<\/p>\n<p>\u201cLet us, together, act as each other\u2019s keeper \u2013 scrutinizing the activities of the institutions we are considering investing or banking with, interrogating any suspiciously high returns and checking with regulators when we are unsure of the operations of an institution,\u201d he admonished.<\/p>\n<p>He called for prayers for President Akufo-Addo and his government as well as other leaders of the country. \u201cPrayer for government, do not murmur. Instead, pray and declare righteousness in this nation irrespective of how tough things are,\u201d the Finance Minister implored.<\/p>\n<p>He indicated that the positive confessions of believers are critical in ensuring that God comes through for Ghana, asserting that murmuring and faith are diametrically opposed to each other.<\/p>\n<p>\u201cMany of the people of Israel, due to their murmuring, got destroyed and did not realize their divine destiny. They did not see Canaan,\u201d he biblically explained.<\/p>\n<p>Mr Ofori-Atta said believers are expected to be courageous and bold in supporting President Akufo-Addo after he had espoused the vision of a Ghana beyond aid and committed to building a national cathedral.<\/p>\n<p>\u201cThese sacrifices are part of the seed that will bring divine blessings to this nation. Let us join hearts, hands and heads to support our President\u2019s vision,\u201d he charged.<\/p>\n<p>He added: When you are tempted to comment on issues on which you have no verified facts remember to replace that temptation with prayer in line with the Baptist Identity of Bible-Centeredness.<\/p>\n<p>The Finance Minister stated this in reference to the theme: \u201cPentecostal\/Charismatic Christianity and the future Baptist Identity\u201d.<\/p>\n<p><strong>From Ernest Kofi Adu, Kumasi <\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ken Ofori-Atta FINANCE Minister, Ken Ofori-Atta, has said recent cleanup of the financial sector was a tough decision taken by government in the interest of the nation. Recently, Bank of Ghana revoked the licenses of nine universal banks, 347 micro-finance companies, 39 microcredit companies or money lenders, 15 savings and loans companies, eight finance house [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":673848,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-695871","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial Sector Cleanup Was Tough Decision \u2013 Ofori-Atta - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/08\/30\/financial-sector-cleanup-was-tough-decision-ofori-atta\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Financial Sector Cleanup Was Tough Decision \u2013 Ofori-Atta - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Ken Ofori-Atta FINANCE Minister, Ken Ofori-Atta, has said recent cleanup of the financial sector was a tough decision taken by government in the interest of the nation. 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