{"id":144968,"date":"2024-01-29T17:30:26","date_gmt":"2024-01-29T17:30:26","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/01\/29\/abena-osei-asare-defends-2017-financial-sector-clean-up\/"},"modified":"2024-01-29T17:30:26","modified_gmt":"2024-01-29T17:30:26","slug":"abena-osei-asare-defends-2017-financial-sector-clean-up","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/01\/29\/abena-osei-asare-defends-2017-financial-sector-clean-up\/","title":{"rendered":"Abena Osei-Asare defends 2017 financial sector clean-up"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Deputy Finance Minister Abena Osei-Asare has defended the 2017 financial sector clean-up, which led to the liquidation of 420 institutions.<\/p>\n<p>She put up the defence in response to the Chairman of the Public Accounts Committee, James Klutse Avedzi, who attributed the tax default of some of the institutions to the financial sector clean-up.<\/p>\n<p>The Ghana Revenue Authority has revealed that the defunct financial institutions owe more than nine million cedis in taxes.<\/p>\n<p>\u201cWe have an amount which is owed by defunct financial institutions to the tune of GHc9,218,258.61.\u201d<\/p>\n<p>GRA also revealed that they have written to the Receivers to reclaim the money but haven\u2019t received it yet.<\/p>\n<p>However, during the Public Accounts Committee sitting today, Abena Osei-Asare explained that the government had to intervene for the depositors to get back their money.<\/p>\n<p>She asserted that all their activities also come with a cost; however, if the cost would have a positive impact on citizens, the cleanup decision would be taken.<\/p>\n<p>According to her, some of the banks have already taken the government to court over the issue.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<hr\/>\n<p>\u00a0<\/p>\n<p><strong>Explore the world of impactful news with CitiNewsroom on WhatsApp!<\/strong><\/p>\n<p><strong>Click on the link to join the Citi Newsroom channel for curated, meaningful stories tailored just for YOU:\u00a0https:\/\/whatsapp.com\/channel\/0029VaCYzPRAYlUPudDDe53x<\/strong><\/p>\n<p><strong>No spam, just the stories that truly matter!\u00a0<img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/01\/1f310.svg.svg+xml\" alt=\"\ud83c\udf10\" data-pin-no-hover=\"true\"\/><img decoding=\"async\" class=\"emoji\" role=\"img\" draggable=\"false\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/01\/1f4f0.svg.svg+xml\" alt=\"\ud83d\udcf0\" data-pin-no-hover=\"true\"\/>\u00a0#StayInformed #CitiNewsroom #CNRDigital<\/strong><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Deputy Finance Minister Abena Osei-Asare has defended the 2017 financial sector clean-up, which led to the liquidation of 420 institutions. She put up the defence in response to the Chairman of the Public Accounts Committee, James Klutse Avedzi, who attributed the tax default of some of the institutions to the financial sector clean-up. The Ghana [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":144969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-144968","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Abena Osei-Asare defends 2017 financial sector clean-up - 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\/2024\/01\/29\/abena-osei-asare-defends-2017-financial-sector-clean-up\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abena Osei-Asare defends 2017 financial sector clean-up - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Deputy Finance Minister Abena Osei-Asare has defended the 2017 financial sector clean-up, which led to the liquidation of 420 institutions. 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