Member of Parliament for Bolgatanga Central, Isaac Adongo, has called for a broader national conversation on the rationale and cost of the banking sector clean-up.
This follows the Attorney-General’s decision to discontinue the criminal case against former Finance Minister Dr. Kwabena Duffuor and seven others linked to the collapse of uniBank.
Mr. Adongo’s comments came shortly after the Attorney-General filed a nolle prosequi, effectively ending the long-standing legal proceedings that stemmed from the Bank of Ghana’s decision in 2018 to revoke UniBank’s licence, citing insolvency and mismanagement.
Speaking on JoyNews Newsfile, Mr. Adongo questioned the logic behind the massive financial outlay associated with the banking sector reforms, which, according to him, cost the state over GH₵30 billion.
“I think that the country must open a bigger conversation into the decisions and the rationale behind collapsing the banks and spending 30 billion, when it has become very clear that we just avoided a 6.9 billion problem with just 2 billion,” he stated.
He emphasised the need for accountability and transparency, particularly regarding the use of public funds to resolve what he described as manageable financial sector challenges.
Emmanuel Tetteh