President John Dramani Mahama has warned that those responsible for the collapse of the banks under the previous Akufo-Addo administration will be sanctioned to serve as a deterrent to others.
The investigation is part of the administration’s broader effort to ensure transparency and restore public trust in the country’s financial system.
Speaking during a national address on Wednesday, May 7, to mark his first 120 days in office, President Mahama stressed his government’s commitment to accountability and justice in the financial sector.
Mahama announced that the Minister of Finance, Dr. Cassiel Ato Forson, has launched an official inquiry into the collapse of indigenous banks and financial institutions in Ghana.
“The Minister of Finance Dr. Ato Forson, has launched an inquiry into the collapse of indigenous banks and financial institutions. Make no mistakes, facts will be unearthed, culprits will be punished, and lessons will be learnt,” he stated.
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